J. Christopher Hoeffel has been named president of the Commercial Mortgage Securities Association for 2008-2009. Mr. Hoeffel, a managing director at JP Morgan Chase, succeeded Leonard Cotton, vice-chairman of Centerline Capital, at the conclusion of CMSA's June convention, the association reported. He has been on the CMSA board of governors for the past six years. Mr. Hoeffel joined JP Morgan Chase in June after the acquisition of Bear Stearns & Co., where he had been global co-head of the Commercial Mortgage Department. Mr. Hoeffel previously worked for Eastdil Realty Inc. in New York and Walker & Dunlop Inc., a commercial mortgage banking firm in Washington.
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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.
April 17 -
Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
April 17 -
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.
April 17 -
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.
April 17 -
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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