Citigroup on Tuesday named Sanjiv Das CEO of its residential lending division, CitiMortgage of O'Fallon, Mo., the nation's fourth largest originator. He replaces Bill Beckmann who stepped down in June to spend more time with his family. Mr. Das returns to Citigroup after holding executive positions at Morgan Stanley and Bank One. In the 1990s, he worked for Citigroup in a number of positions, including chief of its global mortgage products group.
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.
Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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.
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.
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.