Robert L. Levy has been named chief financial officer of American Mortgage Acceptance Co., a New York-based real estate investment trust, and of New York-based CharterMac, AMAC's external adviser.Mr. Levy, who has been CharterMac's director of capital markets since 2001, will replace Alan P. Hirmes, who will remain chief operating officer of CharterMac and a member of AMAC's board, the companies said. Mr. Levy was previously a vice president in the real estate equity research and investment banking departments of Robertson Stephens, San Francisco. CharterMac can be found online at http://www.chartermac.com, and AMAC can be found at http://www.americanmortgageco.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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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.
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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.
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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.
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