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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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
6h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
6h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
7h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
9h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25