Christopher P. Mundy has been appointed executive vice president and chief investment officer of Washington Real Estate Investment Trust, Rockville, Md.Mr. Mundy was most recently EVP of strategic planning and operations at Equity Office Properties Trust, where he supervised five regional business units in the Eastern United States from 2000 to 2004. Before that, he spent nine years in EOP's Washington, D.C., office, most recently as senior vice president of the Eastern Division. Washington REIT invests in income-producing properties in the greater Washington/Baltimore metropolitan region. It can be found on the Web at http://www.writ.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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