Two key executives of Equity Office Properties Trust, Chicago, have resigned to pursue other interests, the office real estate investment trust has reported.Peter Adams, executive vice president for strategic planning, and Christopher Mundy, EVP for operations, led the planning and operations for EOPT's Western and Eastern regions, respectively. The responsibilities of the two, who assumed their roles in 2001, are being transferred to Peyton Owen, the EOPT's EVP and chief operating officer, the REIT said. EOPT estimates that the charge to earnings from severance paid to the two executives will be approximately $5 million. The REIT can be found online at http://www.equityoffice.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
5h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
10h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
11h ago -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
11h ago