Stephen M. Abelman, executive vice president of Criimi Mae Inc., has left the real estate investment trust to "pursue other interests," but has entered into a consulting agreement with the company, according to the Rockville, Md.-based REIT.Mr. Abelman's consulting contract runs through June 30, 2006, and he will assist the company in its review of strategic options and other key management tasks, the REIT said. Mark R. Jarrell, Criimi Mae's president and chief operating officer, will assume Mr. Abelman's responsibilities. Criimi Mae can be found on the Web at http://www.criimimaeinc.com.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
June 22 -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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