Stacy M. Riffe, chief financial officer of Sunset Financial Resources Inc., Jacksonville, Fla., has been named interim chief executive officer of the real estate investment trust.Ms. Riffe replaces George Deehan, who has decided to leave the company to "pursue other interests," Sunset said. Rodney Bennett, Sunset's chairman, said Ms. Riffe has been "the driving force" in the company since its announcement of a merger with Alesco Financial. The REIT has been operating under a management agreement with Cohen Brothers since the announcement.
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The delay in its shareholder meeting to approve the sale to UWM Holdings could put Two Harbors back in play, but will it get the same price from another buyer?
2h ago -
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
3h ago -
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
3h ago -
President Trump's executive order on mortgage credit calls on federal agencies to ease the path for eNotes, digital mortgages and remote notary, something lenders have been wrestling with for years.
4h ago -
Accounting rules on loan lock timing helped drag down nonbank mortgage profits, the Mortgage Bankers Association said.
8h ago -
Realtors and loan officers are wary of using artificial intelligence in place of a real estate agent, after a homeowner claimed to realize meaningful savings.
March 18









