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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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.
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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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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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