Donald J. Meyer has been named chief executive officer of American Mortgage Acceptance Co., New York, and elected to the board of trustees, effective July 1. Former AMAC CEO and trustee J. Larry Duggins will retire effective June 30 to attend divinity school at Southern Methodist University, the company said. Mr. Meyer will continue serving as an executive managing director and chief investment officer at Centerline Capital Group, AMAC's manager. AMAC can be found on the Web at http://www.americanmortgageco.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.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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