William P. Hankowsky has been named president and chief executive officer of Liberty Property Trust, Malvern, Pa., replacing William G. Rouse III, who has resigned as CEO.Mr. Rouse, who was diagnosed with lung cancer about a year ago, will remain as chairman of the board of the real estate investment trust. "I continue to respond well to treatment, and am feeling very healthy," Mr. Rouse said. "But I feel an obligation to ensure a smooth transition of management, regardless of the status of my health." Mr. Hankowsky, 51, was previously the REIT's president and chief investment officer. Liberty, which specializes in office and industrial properties, can be found online at http://www.libertyproperty.com.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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