Terry Brubaker, president and chief operating officer of Gladstone Commercial Corp., McLean, Va., has been named vice chairman of the board, and George "Chip" Stelljes has been named to replace him as president.Mr. Brubaker will retain his positions as COO and secretary, and Mr. Stelljes will retain his post as chief investment officer, the company said. Mr. Stelljes was previously executive vice president of the company since its inception in 2003. Gladstone is a real estate investment trust that focuses on investing in and owning triple-net-leased industrial and commercial properties. It can be found on the Web at http://www.gladstonecommercial.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24