Michael J. Krull has been named managing director and head of commercial mortgage-backed securities at Hypo Real Estate Capital Corp., the New York-based subsidiary of Hypo Real Estate Bank International AG, Stuttgart, Germany.Before joining Hypo Real Estate, Mr. Krull was managing director of capital markets at GE Real Estate in New York, where he led a group of 20 professionals, Hypo Real Estate said. He was previously involved in the design and implementation of GE Real Estate's commercial mortgage conduit program. From 1992 to 1997, Mr. Krull worked at Prudential Securities Inc., where he co-founded the CMBS operation.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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