Stuart J. Boesky, former chief executive officer of New York-based CharterMac, has announced the formation -- in conjunction with Mariner Investment Group -- of Pembrook Capital Management, a real estate investment management company.The company's initial focus will be to provide capital to developers and owners of real estate nationally through the acquisition or origination of structured real estate debt (including commercial mortgage-backed securities) and preferred equity, Mr. Boesky said. The company said it also expects to provide "unique" capital solutions to owners and developers of underserved property sectors (such as affordable housing) and underserved geographic locations. The company can be found online at http://www.pembrookgroup.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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