Donna Brandin, executive vice president and chief financial officer of Equity Residential, a Chicago-based real estate investment trust, has resigned effective Sept. 14.The company said Ms. Brandin is resigning "to pursue other professional and personal interests, not as a result of any disagreement with the company regarding financial or accounting practices." John G. Lennox, 53, a senior vice president of financial planning and analysis, will serve as interim CFO, and the company said it will immediately conduct a search for a replacement CFO. Mr. Lennox has held various positions in more than 23 years at Equity Residential and its predecessor companies, the company said. The REIT can be found online at http://www.equityresidential.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









