Peter Reisert, a 15-year veteran of real estate finance, has been named senior vice president of capital markets at Arbor Commercial Mortgage LLC, Uniondale, N.Y. In the newly created position, Mr. Reisert will oversee the day-to-day operations of the Capital Markets Department and be responsible for identifying new lending partners and developing new lending programs, the company said. Before joining Arbor, Mr. Reisert served as director of capital markets with Centerline Capital Group. He previously held posts with CharterMac Mortgage Capital, PW Funding Inc., and BankAmerica Mortgage.
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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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