Mark A. Wallace has been named senior vice president and chief financial officer of Health Care Property Investors, a Newport Beach, Calif.-based real estate investment trust.He will replace James G. Reynolds as CFO, who will remain with the company as an executive vice president focusing on business development, the company said. Mr. Wallace was previously executive vice president and CFO of Tremont Corp. and TIMET, its principal operating subsidiary, the REIT said. The company can be found online at http://www.hcpi.com.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
4h ago -
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
7h ago -
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May 10