John Garth has been named chief operating officer and senior vice president of American Mortgage Acceptance Co., a New York City-based multifamily real estate investment trust.Mr. Garth will assume the position May 24, when Alan Himes, the company's chief financial officer and interim COO, steps down from the latter post, AMAC said. Mr. Garth has nearly 20 years' experience in the real estate industry, most recently as senior vice president and production manager at GMAC Commercial Mortgage Corp., AMAC said. The REIT can be found on the Web at http://www.americanmortgageco.com.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
52m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
3h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
3h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24