Troy A. Pentecost has been named executive vice president and director of asset management at FelCor Lodging Trust Inc., a real estate investment trust based in Irving, Texas.Mr. Pentecost, 44, was most recently senior vice president of operations and divisional vice president of operations at Remington Hotel Corp., FelCor said. He previously held various management posts at Wyndham International. FelCor can be found on the Web at http://www.felcor.com.
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.
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.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
