The board of directors of Jones Lang LaSalle Inc. has announced the resignation of Christopher A. Peacock from the board and as the company's president and chief executive officer.Board chairman Stuart L. Scott will assume the role of interim CEO until a global search produces a permanent replacement, the company said. Jones Lang said it had accepted the resignation "with regret" and that Mr. Peacock had resigned to spend more time with his family. He served as chairman and CEO of Jones Lang LaSalle from 1999 to 2002, and as CEO of LaSalle Partners from 1990 until its merger with Jones Lang Wootton in 1999, the company said. He will continue to serve Jones Lang LaSalle on a consulting basis. The company, an international property services firm headquartered in Chicago, London, and Singapore, can be found online at http://www.joneslanglasalle.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18