George Deehan, president of Sunset Financial Resources Inc., Jacksonville, Fla., has been named to the additional post of chief executive officer of the real estate investment trust, and Rodney Bennett has been named chairman of the REIT.Mr. Deehan, 63, who was recently named president and chief operating officer of the REIT, succeeds Bert Watson, who has resigned as CEO and as chairman of the board, Sunset Financial reported. Mr. Bennett, 64, has been a director of Sunset Financial since 2003. The REIT also announced that Charles Wolcott, president and CEO of Recon Corp., has been named to Sunset Financial's board. The company can be found on the Web at http://www.sunsetfinancial.net.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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