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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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24