David Lowman, Chase's chief executive officer of Global Mortgage, has been given additional responsibilities in the areas of home equity, servicing, and default that combine all the company's consumer real estate lending businesses into one organization.Before joining Chase in November, Mr. Lowman was president and CEO of CitiFinancial International. Chase said he was previously chief servicing and technology officer for Citigroup's U.S. mortgage business; president and chief operating officer of CitiMortgage; and chief financial officer (among other positions) of Prudential Home Mortgage. Chase can be found online at http://www.chase.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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