Douglas M. Pasquale has been named executive vice president and chief operating officer of Nationwide Health Properties Inc., Newport Beach, Calif., and is slated to become chief executive officer of the real estate investment trust after a transition period.Mr. Pasquale was most recently president and CEO of Atria Senior Living Group, which was formed in April as a combination of two long-term care companies that were customers of NHP. He will succeed R. Bruce Andrews, who has been president and CEO of NHP since 1989. The REIT can be found online at http://www.nhp-reit.com.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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