Marc Holliday, president of SL Green Realty Corp., New York, has been promoted to chief executive officer of the company and will retain his current title as well.SL Green said company founder Stephen L. Green, who has been the CEO, will continue in his post as chairman and as a full-time executive officer with responsibility for developing "key market relationships" and real estate opportunities while overseeing the company's strategic direction. Mr. Holliday joined the company in 1998 as chief investment officer and has held the title of president since 2001. SL Green is a real estate investment trust that specializes in acquiring, owning, and managing office properties in Manhattan. It can be found online at http://www.slgreen.com.
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Fathom Holdings acquired START Real Estate to expand its first-time homebuyer program, the company announced Thursday.
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Noninterest income at the Minneapolis-based company jumped more than 10% during the third quarter, while asset quality improved and expenses held steady. "Our focus is very much on organic growth," said CEO Gunjan Kedia.
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Observers believe the government shutdown and lack of data is keeping mortgage rates in the same narrow range, as investors have issues reading the tea leaves.
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The Detroit-based mortgage bank's announcement trailed competitors' by over two weeks, but is taking a more aggressive risk-reward stance on the limit.
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Despite the decrease, average profit margins approached 50%, as the lock-in effect continues to stymie inventory growth and keep home values elevated.
October 16 -
The head of the government-sponsored enterprises' oversight agency also asked existing investors to review risk factors as officials eye a new public offering.
October 15