James R. Giertz has been named chief financial officer of Residential Capital Corp., a Minneapolis-based real estate finance company.Mr. Giertz joins ResCap, a wholly owned subsidiary of GMAC LLC, from Donaldson Co., a manufacturer of filtration systems and products. He served there as CFO for six years, and most recently led Donaldson's Commercial and Industrial Products division. Mr. Giertz succeeds Davee Olson, who was appointed senior managing director of ResCap's Warehouse Lending business unit in May. He joins ResCap with more than 23 years of experience in financial and operational management. The company can be found online at http://www.rescapholdings.com.
-
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.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








