Shelby Sherard has been named executive vice president and chief financial officer of Grubb & Ellis Co., a provider of real estate services based in Northbrook, Ill.Ms. Sherard, 35, was most recently CFO of SiteStuff Inc., a Web-based procurement company focused on the real estate industry. Grubb & Ellis also announced the promotions of Jean Kennedy to senior vice president and chief accounting officer and Donald Olinger to senior vice president for finance and treasury. The company can be found on the Web at http://www.grubb-ellis.com.
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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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