Health Care Property Investors Inc. has promoted Stephen R. Maulbetsch to executive vice president-acquisitions and dispositions. Mr. Maulbetsch was previously senior vice president-acquisitions and dispositions for the company, according to HCPI. He has been with the company for 20 years and has been a key player in its growth from its initial public offering in 1985, HCPI said. Health Care Property Investors is a real estate investment trust based in Long Beach, Calif. that invests directly or through joint ventures in healthcare facilities. The company can be found on the Web at http://www.hcpi.com.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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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.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24