Bob Repass has been promoted from senior vice president to managing director of Dallas-based Bayview First Funding, a division of Bayview Financial, a Miami-based real estate lending and investment finance company.In his new position, Mr. Repass will oversee the acquisition and servicing of seller-finance loans, Bayview Financial said. Before joining Bayview, Mr. Repass was operations vice president for the private mortgage operation of Associates Financial Services, which was acquired by Citigroup, and a national contract buyer for Metropolitan Mortgage & Securities. Bayview can be found online at http://www.bayviewfinancial.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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