Mark Lammas has been promoted to the newly created position of executive vice president of development at Maguire Properties Inc., a Los Angeles-based real estate investment trust.Mr. Lammas was most recently the REIT's senior vice president, general counsel, and corporate secretary. He will continue to provide legal and corporate governance support until a replacement general counsel and secretary is identified, the company said. Maguire can be found on the Web at http://www.maguireproperties.com.
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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.
August 12 -
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.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
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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