Alan P. Hirmes has been elected chief financial officer of CharterMac and of American Mortgage Acceptance Co. as of March 31, 2004, when the current CFO of the two companies, Stuart A. Rothstein, plans to leave.Mr. Rothstein is leaving to "pursue other opportunities," the New York-based companies said. Mr. Hirmes is the chief operating officer of both companies and a member of their boards of trustees. He has spent 20 years of his 24 years in real estate finance with Related Capital Co., a CharterMac subsidiary that acts as adviser to AMAC, the companies said. Stuart J. Boesky is chief executive officer of CharterMac, a multifamily finance company, and AMAC, a multifamily real estate investment trust. They can be found online at http://www.chartermac.com and http://www.americanmortgageco.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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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
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.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27