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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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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