Former mortgage banker Walter C. Klein, who managed such lenders as First Nationwide Mortgage and Sears Mortgage during his long career, died this past Monday after a battle with renal carcinoma. His age was not immediately available. In 2002 Citigroup purchased Frederick, Md.-based First Nationwide and its bank parent. Mr. Klein stayed for a few months in a transition mode and then moved on. During his career he also worked as an executive consultant at Cerberus Operations and Advisory Co. and Aztec American Bank. His wife, Patricia, a daughter and two grandchildren survive him.
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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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