John Ockerbloom has been named a managing director in the Real Estate Investment Banking Group of Wachovia Securities, Charlotte, N.C.Mr. Ockerbloom joins Wachovia from Banc of America Securities LLC, where he was a managing director in the real estate investment banking practice of the Global Investment Banking Group. He previously served in the BoA Securities Corporate Real Estate Advisory Group and its commercial mortgage-backed securities division, Wachovia said. Wachovia can be found on the Web at http://www.wachovia.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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