Sunset Financial Resources Inc., a real estate investment trust based in Jacksonville, Fla., has reported the hiring of Banc of America Securities LLC as a financial adviser to review its business plan.The mortgage REIT's president and chief executive officer, George Deehan, said the move comes after the appointment of a new management team and the addition of two more independent directors to its board in recent months. In view of the management changes, "now is an opportune time to analyze the company's business plan and all strategic alternatives available to the company," Mr. Deehan said. The REIT can be found online at http://www.sunsetfinancial.net.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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