Charles K. Barbo, chairman and chief executive officer of Shurgard Storage Centers Inc., a Seattle-based real estate investment trust, has announced that he will step down as CEO at the end of the year but retain his title as chairman.Mr. Barbo, the founder of Shurgard, will be succeeded as CEO by David K. Grant, the REIT's president and chief operating officer. Mr. Grant will hold the titles of president and CEO when he steps into his new role on Jan. 1, 2006. Mr. Grant was Shurgard's European president from 1996 to 2003.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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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.
September 25 -
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.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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