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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Along with the AI tools, ICE Mortgage Technology also added 16 exception-based automation servicing agents with directly integration to its servicing platform.
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Hale Capital Management purchased Voxtur Analytics after a tumultuous past few years that included financial struggles, and rebranded it as Apex Analytics.
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The real estate investment trust said it needed more time for shareholders to vote in favor of the transaction, following speculation it was in trouble.
March 16 -
Trump's mortgage deregulation order drew cautious praise from lenders but alarm from consumer groups, who warn it could recreate pre-2008 financial crisis conditions.
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A coalition of Democratic attorneys general, led by California and Illinois, have sued the Department of Housing and Urban Development over a guidance that they argue will scale back enforcement to strict federal standards and threaten state funding to enforce fair housing laws.
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The deregulatory executive order, which pairs with another targeting small players' home loan rules, impacts the FHFA, HUD and other agencies.
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