Mark E. Yale has been named senior vice president and chief financial officer of Glimcher Realty Trust, a retail real estate investment trust based in Columbus, Ohio.The appointment of Mr. Yale, 39, will take effect Aug. 30. Mr. Yale was most recently manager of finance and CFO of Storage USA, a division of GE Real Estate, Memphis. Glimcher can be found on the Web at http://www.glimcher.com.
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.
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
