Morrison & Foerster LLP has announced the addition of Yaacov M. Gross, a senior corporate finance attorney it termed a "pioneer" in the real estate investment trust market, as a partner in its New York office.Mr. Gross, whose practice is international and spans multiple industries, has in recent years focused primarily on real estate financing and REIT transactions, the firm said. He joins Morrison & Foerster from Wilkie, Farr and Gallagher LLP in New York, where he was a founder of that firm's real estate securities practice. "In addition to representing some of the industry's largest REITs from inception, he has been at the forefront of financing, capital formation, and merger & acquisition transactions involving REITs and other real estate-related ventures," said Karen Hagberg, managing partner of Morrison & Foerster's New York office.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
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The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
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Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
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But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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