Paul Gallagher has been named executive vice president for portfolio strategy at Health Care Property Investors, a Newport Beach, Calif.-based real estate investment trust.Mr. Gallagher was formerly managing director for strategic ventures in the real estate division of General Electric Commercial Finance, where he also held other posts. Before joining GE Commercial Finance, he was director of mortgage lending at E.F. Hutton Life Insurance Co. The REIT can be found online at http://www.hcpi.com.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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