Stephen Budorick, Paul Layne, and Douglas Winshall have been promoted to executive vice presidents at Trizec Properties Inc., a Chicago-based real estate investment trust.Mr. Budorick, based in Chicago, has held overall management responsibilities since 1998 for Trizec's 15 million-square-foot portfolio of properties in the company's Central Region. Mr. Layne, based in Houston, has overseen the REIT's 16 million-square-foot portfolio in the Western Region, chiefly in Texas and California. Mr. Winshall, based in New York, has exercised responsibility over Trizec's 15 million-square-foot portfolio in the Eastern Region, which includes New York and metropolitan Washington, D.C. The REIT said the trio, previously senior vice presidents, will retain their current regional responsibilities. Trizec can be found on the Web at http://www.trz.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11