The board of directors of Inland Real Estate Corp., a real estate investment trust based in Oak Brook, Ill., has announced that it is splitting the role of chairman and chief executive officer at the REIT.The board appointed Daniel L. Goodwin to serve as chairman, and Robert D. Parks will continue as president and CEO (and will remain on the board). Inland also announced that Mark E. Zalatoris, the company's chief financial officer and treasurer, has been promoted to executive vice president and chief operating officer. The company is applying to list its shares on the New York Stock Exchange and said it expects trading to begin on June 9.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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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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