Standard & Poor's has announced the addition of Heritage Property Investment Trust and Urstadt Biddle Properties to its S&P REIT Composite Index.Heritage will replace Chateau Communities, which is being acquired by Hometown America, after the close of trading on Sept. 30, S&P said. Urstadt Biddle will replace Mid-Atlantic Realty Trust, which is being acquired by Kimco Realty (a constituent of the index), after the close of trading on Oct. 1.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
