Union Mortgage Group Inc., Bowling Green, Va., has hired Herbert W. Engler as president and chief executive. "We are pleased to add Herb to our team as we navigate through the difficult times the mortgage industry is facing. Herb has significant industry and leadership experience and we look forward to working with him to address the challenging issues and opportunities ahead," said D. Anthony Peay, executive vice president and chief financial officer of parent company Union Bankshares Corp. Mr. Engler most recently was president of Prosperity Mortgage Co., Fairfax, Va. Prior to joining Prosperity, he worked for Waterfield Financial Corp. in the Maryland/ Washington D.C. area.
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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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