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Author Archives: Abby Gregory

Flagstar Announces Executive Leadership Changes

In Michigan, Flagstar Bancorp, Inc. (FBC), and its subsidiary, Flagstar Bank (FSB) are starting the new year with an executive leadership shakeup. Recent changes included the promotion of Alessandro DiNello to president and chief administrative officer of FSB and Matthew Kerin to president of FSB's mortgage banking unit.

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AmeriBid to Sell Medium Security Prison in 2013 Auction

In Bethany, Missouri, AmeriBid LLC is preparing to preside over the bank-ordered sale of a very unusual property--a medium security prison. Recently announcing plans for a sealed-bid auction in 2013, AmeriBid's regional director Don Gabriel put a positive spin on the proceedings, noting that the 14.56-acre spread was "a great opportunity to own a multi-use property between Kansas City and Des Moines."

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Economists Project Slower Pace for Florida’s Housing Recovery

In the Sunshine State, economists have revealed projections for 2013, and their outlook presents a positive, if somewhat sluggish, forecast for the region's housing market. According to experts from Florida Realtors and Fannie Mae, upward trends are set to continue in Florida, while the state's pace of recovery is expected to fall behind the national average.

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Southwest Securities Adds Housing Finance Veteran as SVP

In Houston, Texas, Southwest Securities, Inc., has added a new senior leader for the firm's taxable fixed income unit. Appointing Bob Anderson as an SVP, Southwest Securities hopes to utilize the housing finance industry veteran's extensive experience to enhance its institutional sales operations.

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Pacific Palisades Estate with Presidential Ties Lists for $4.999M

In Los Angeles, California, the Pacific Palisades home once belonging to the nation's fortieth president, Ronald Reagan, has hit the market for $4.999 million. Built in 1956, the property's environmentally-friendly design may be its most famous feature, as the luxurious estate has long been lauded as a forerunner of contemporary green housing concepts.

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ALFN Adds Executive Position, Names Two New Leaders

The American Legal and Financial Network (ALFN) is expanding its leadership lineup. Adding a new executive position and naming two new appointees, the national mortgage banking trade group announced Christina Danovsky's promotion to SVP of business development, as well as the hiring of Cade Holleman to the recently-created role of assistant VP of government affairs and communications.

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FHLB of New York Announces Results of Board Elections

Releasing the results of the financial institution's board elections, the Federal Home Loan Bank of New York has announced updates to its directorship. Through the bank's electoral process, appointees were named for two independent director positions and two member director positions, from New Jersey and New York respectively.

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