Charles M. Pinckney has been named chief operating officer of Baltimore-based Municipal Mortgage & Equity LLC and will also serve as MuniMae's interim chief financial officer.The CFO position is being vacated by Melanie M. Lundquist, who resigned after accepting a job as CFO with Haven Custom Homes Inc., MuniMae reported. Mr. Pinckney was most recently executive vice president in charge of the company's MMA Realty Capital business. He joined MuniMae in 2000 when it purchased Whitehawk Capital, a real estate finance business co-founded by Mr. Pinckney. MuniMae also announced the completion of audited financial statements for MuniMae TE Bond Subsidiary LLC, which holds a majority of the company's tax-exempt bond investments. MuniMae can be found online at http://www.munimae.com.
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About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
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Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
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Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
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Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
April 17 -
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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