Jonathan H. Yellen has been named executive vice president, general counsel, and secretary of FelCor Lodging Trust Inc., a real estate investment trust based in Irving, Texas.Mr. Yellen, 39, is a partner with Damon & Morey LLP in Buffalo, N.Y., where he specializes in mergers and acquisitions, corporate finance, and securities law. His previous experience includes a stint as vice president and associate general counsel at Starwood Hotels & Resorts Worldwide. FelCor can be found on the Web at http://www.felcor.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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