Mortgage Assistance Center Corp., Dallas, has hired Dennis D. Downey as executive vice president and chief operating officer. He was the founder and chairman of Downey Capital Corp., where he handled the marketing, structuring and closing of commercial real estate financing transactions using a broad range of funding programs. In the late 1980s into the early 1990s, Mr. Downey was the southwest regional director of servicing and real estate owned activities for Freddie Mac. Mr. Downey also currently serves on the board of Lanier Capital REIT Inc.

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