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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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
June 25 -
Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
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Median purchase loan payments hit $2,198 in May, up 2.1% from April, as rising rates and home prices threaten to dampen origination volume, MBA reports.
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Experts aren't forecasting immediate relief and instead are citing silver linings in rate certainty and greater mortgage demand as compared to the same time last year.
June 25 -
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
June 25 -
Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
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