Tim Naughton, chief operating officer of AvalonBay Communities, has been named president of the Alexandria, Va.-based company.Mr. Naughton will succeed Bryce Blair, who will remain chairman and chief executive officer of AvalonBay, the company said. Mr. Naughton has been with the company and its predecessors since 1989. AvalonBay also announced that Sam Fuller, its executive vice president of development and construction, will leave the company after 16 years as of April 30. The company can be found online at http://www.avalonbay.com.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
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The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
April 24










