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.
-
The company that the global firm is investing in owns a U.S. mortgage correspondent business and another domestic lender that does business with brokers.
36m ago -
The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
2h ago -
The company will be using a simplified name and a new logo it says shows its unified business model, but its longstanding tagline will stay in place.
4h ago -
An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
7h ago -
The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
7h ago -
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
April 21







