Executives at Lend Lease Rosen Real Estate Securities, Berkeley, Calif., have acquired the company from Australia's Lend Lease Corp. Ltd. in a transaction with undisclosed terms.The buyers, led by chief executive officer Michael A. Torres, have renamed the company Adelante Capital Management LLC and registered it as an investment adviser with the Securities and Exchange Commission. Putnam Lovell NBF Securities Inc. served as financial adviser to ACM Acquisition LLC, the business entity that purchased the company, and Heller Ehrman White & McAuliffe LLP provided legal advice to the buyers. J.P. Morgan served as Lend Lease Corp. Ltd.'s adviser, according to Adelante Capital Management. Adelante can be found on the Web at http://www.adelantecapitalmanagement.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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