Stuart J. Beebe has been named president and chief executive officer of CNL Retirement Properties Inc., a real estate investment trust based in Orlando, Fla.Mr. Beebe, who replaces Thomas J. Hutchison III, was most recently executive vice president of acquisitions and finance at the health care REIT. He was previously chief financial officer of CNL Real Estate Group, and spent 15 years with Lincoln Property Co. as a senior vice president, CNL Retirement said. The health care REIT can be found on the Web at http://www.cnlretirement.com.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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