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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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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