Author name: Ricky Vasquez

JPMorgan Chase names co-presidents as Dimon succession plan takes shape

JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents effective immediately — the clearest step yet in the board’s planning for an eventual successor to CEO Jamie Dimon. Dimon, who has led JPMorgan since 2006, remains as chairman and CEO. Over his tenure, he has reduced the bank’s direct mortgage origination footprint in favor […]

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Young buyers are priced out in most U.S. metros, Pew data shows

Buying a first home has gotten materially harder for young adults in most major U.S. metros since 2019, as home values have far outpaced income gains and higher mortgage rates push monthly payments out of reach, according to a new Pew Research Center analysis of American Community Survey data. The study focuses on households headed

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HomeServices, Elliman notch legal wins in commission suit saga

While their homebuyer commission lawsuit settlement agreements are still waiting for final approval, both HomeServices of America and Douglas Elliman notched legal wins this week in the homebuyer commission litigation saga.  In a ruling Tuesday, Florida-based District Court Judge K. Michael Moore denied the Lutz plaintiffs’ preliminary injunction motion seeking to prevent HomeServices of America

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