The trustees of the G REIT Liquidating Trust have announced that G REIT Inc., Santa Ana, Calif., has transferred its remaining assets to the trustees in accordance with its liquidation plan. The trustees -- Gary H. Hunt, W. Brand Inlow, Edward A. Johnson, D. Fleet Wallace, and Gary T. Wescombe -- said the real estate investment trust has filed a form with the Securities and Exchange Commission to terminate the registration of its common stock. Under the terms of the Liquidating Trust, each stockholder automatically became the holder of one unit of beneficial interest in the Liquidating Trust for each share of G REIT common stock held. All outstanding shares of G REIT are deemed canceled.
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
June 22 -
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
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