Richard A. Price Jr. has been named non-executive chairman of the board of CIFG Holding Ltd., the Hamilton, Bermuda-based holding company for several financial guaranty subsidiaries. Mr. Price, 61, was most recently chief executive officer of Zurich Capital Markets and Centre Re and has more than 35 years of experience in banking and insurance, CIFG said. Among his previous positions were several senior posts at FGIC, including president of FGIC Capital Markets. CIFG can be found on the Web at http://www.cifg.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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