One Liberty Properties, Great Neck, N.Y., has announced that it expects to begin trading on the New York Stock Exchange Jan. 15 under the ticker symbol OLP.The diversified real estate investment trust -- which has interests in retail, industrial, office, and movie theater properties -- is listed on the American Stock Exchange and will continue to trade there until Jan. 15, the REIT said. Jeffrey Fishman, president and chief executive officer of the company, said he expects the NYSE listing to provide the REIT's shareholders with "greater liquidity and transparency," besides being a "significant milestone" for the company.
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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