Colin Dyer has been named president and chief executive officer of Jones Lang LaSalle Inc., a real estate services and money management firm based in Chicago and London.Mr. Dyer will assume the titles, and membership on the board of directors, on Sept. 7, the company said. He is currently CEO of Worldwide Retail Exchange, an Internet-based exchange owned by 40 of the world's leading retailers and manufacturers. A British citizen now based in Washington, D.C., Mr. Dyer will operate chiefly out of Jones Lang's Chicago office. The company can be found online at http://www.joneslanglasalle.com.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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May 10