Geoffrey G. Jervis has been named chief financial officer, treasurer, and secretary of Capital Trust Inc., a New York City-based investment management company that focuses on the subordinate debt markets of U.S. commercial real estate.Mr. Jervis, 34, was most recently director of capital markets and has held various posts with Capital Trust since 1999. In his new position, he will retain his capital markets responsibilities as well as assume responsibility for the company's finance department, Capital Trust said.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
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