Marc D. Schnitzler, president of CharterMac, a New York-based multifamily real estate finance company, has been named to the additional post of chief executive officer.Mr. Schnitzler, 45, will replace CharterMac chairman Stephen M. Ross, who has served as interim CEO since November and will remain as chairman, the company said. Mr. Schnitzler joined CharterMac's predecessor in 1986. He is a member of the executive committee of the National Multi Housing Council's board of directors. CharterMac can be found on the Web at http://www.chartermac.com.
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While Rocket Mortgage's satisfaction score improved by 4% versus 2024, the industry as a whole dropped 1%, with credit unions outpacing banks and IMBs.
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Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
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Bilt members will be able to earn benefits through Venmo use, with the agreement coming after the company recently added mortgage payments to its points mix.
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Lenders and investors say the new rules will increase the cost of financing and limit homeowners' access to equity by curbing the enforceability of contracts.
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RoundPoint's corporate parent generated positive comprehensive income with the legal expense excluded and expanded its subservicing activity.
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The influential nonbank mortgage company is calling for a "do no harm" approach to housing and finds comfort in officials' stated guardrails to that end.
October 28





