Kite Realty Group Trust, Indianapolis, has promoted John A. Kite, its current president and chief executive, to chairman and CEO. Alvin E. Kite Jr., the current chairman, has been given the title of chairman emeritus. Thomas K. McGowan, previously senior executive vice president and chief operating officer, has been promoted to president and COO. Alvin Kite founded the REIT and has served as chairman since August 2004, when the company first went public.
The GSEs also have unified 4.0 pricing for loans scored with classic FICO while 10T moves toward 2027 adoption at FHA but remains pending at the enterprises.
The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
