Thomas E. Thompson has been promoted to president of Real Estate Partners Inc., a real estate investment and management services company based in Irvine, Calif.Mr. Thompson, who was previously executive vice president and broker of record for the firm, replaces Dawson Davenport, who will remain with the company as chairman and chief executive officer. The company said it is involved in negotiations to add over $200 million in property to its holdings, most of it multifamily property. The company can be found on the Web at http://www.realestatepartnersinc.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
10h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24