Julian E. "Jay" Whitehurst has been named president and chief operating officer of National Retail Properties Inc., a real estate investment trust based in Orlando, Fla.Mr. Whitehurst was most recently the company's executive vice president and COO. National Retail Properties said he joined the company in 2003 as EVP and general counsel after serving as its general counsel and lead real estate attorney while at Lowndes, Drosdick, Doster, Kantor and Reed PA, an Orlando-based law firm. National Retail Properties can be found online at http://www.nnnreit.com.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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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.
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