Enterprise Community Investment Inc., a Columbia, Md.-based provider of capital for affordable housing, has announced a realignment of the company's management team as part of a restructuring of business lines.Charlie Werhane, formerly executive vice president and chief operations officer, has been promoted to vice chairman and COO. He will be the overall head of production for Enterprise's low-income housing tax credit syndication, multifamily mortgage, and structured finance product lines. Holly Stagmer, formerly the company's chief financial officer, has been promoted to EVP for finance, credit, and asset management, and Helen Whitehead has been promoted to EVP and chief administrative officer. Several other promotions were announced as well. The company noted that it had announced its intention last November to implement an integrated business model for all its community development products and services. Enterprise can be found online at http://www.enterprisecommunity.com.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
September 11 -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
September 11 -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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