Jay H. Shah has been named chief executive officer of Hersha Hospitality Trust, Philadelphia, replacing the retiring Hasu P. Shah, who will remain chairman of the real estate investment trust.Jay Shah, currently the REIT's president and chief operating officer, was also elected to its board of trustees and will be replaced as president and COO by Neil H. Shah, the company reported. Hersha can be found on the Web at http://www.hersha.com.
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
