First Union Real Estate Equity and Mortgage Investments, Boston, has announced that Winn-Dixie Stores Inc., a tenant at First Union's Jacksonville, Fla., property, has rejected its lease with First Union in connection with Winn-Dixie's bankruptcy.First Union said it does not believe the rejection of the lease will have a material effect on its operating results. The real estate investment trust also announced the appointment of John Alba as its chief investment officer. Mr. Alba was previously a vice president of First Union and of its external adviser, FUR Advisors LLC.
-
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
32m ago -
Better's home equity loan product can be originated in a week or less, the company says.
46m ago -
The top five producers had an average dollar loan volume of more than $140 million in 2023.
4h ago -
The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
5h ago -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
April 22