J.P. Marinelli has been named managing director and head of the Real Estate Group of Citi Capital Strategies, New York.Mr. Marinelli has 24 years of experience in investment banking and corporate finance, including real-estate-related investment banking, Citi Capital said. He was most recently senior managing director of Horvath Hospitality and Leisure LLC. Mr. Marinelli previously led the real estate banking department of Berenson & Co., held a senior position in the real estate investment banking group at Prudential Securities, and developed the hospitality industry practice for PaineWebber's real estate investment banking group, Citi Capital reported. He also held various posts in London with Lehman Brothers and Kidder-Peabody/PaineWebber. Citi Capital can be found online at http://www.citicapitalstrategies.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.
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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