Classes E-3 and E-4 of TrizecHahn Office Properties Trust, series 2001-TZH, have been removed from Rating Watch Negative by Fitch Ratings.The rating agency said the action stemmed from "the positive cash flow effect of the substitution of 550 West Washington in Chicago for two lesser-quality assets, Clark Tower in Memphis and Park Central in Dallas, and the strong leasing activity in three Houston assets." In addition, Fitch affirmed the ratings on 15 other classes in the transaction.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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