Greg L. Cox has been named co-chief investment officer and senior portfolio manager at Capri Real Estate Securities, Chicago.Mr. Cox was most recently the portfolio manager with the University of Texas Investment Management Co. and the UT Investment Office. He managed a public real estate portfolio for the two institutions from April 1993 through the end of September 2005, Capri said. Thomas S. Dreyer, Capri's chief executive officer and co-CIO, said Mr. Cox will enable Capri to offer its first "long-only" real estate investment trust product as part of its recently launched U.S. REIT strategy.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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