G REIT Inc., a real estate investment trust based in Santa Ana, Calif., has announced that it intends to enter into a liquidating trust agreement on or about Jan. 22 to wind up the REIT's affairs and liquidate its assets. The company said it expects to transfer, on or about Jan. 28, its then-remaining assets to the trustee of the G REIT Liquidating Trust, which will also assume any remaining liabilities of the REIT. The company's stock transfer books will be closed as of Jan. 22. Triple Net Properties LLC, the holder of a special limited-partner interest in the REIT's operating partnership, will redeem its interest in exchange for the right to receive 15% of certain distributions made by the company and the liquidating trust, the REIT reported. Triple Net Properties can be found online at http://www.1031nnn.com.
-
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
1h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24