David Palombi, Freddie Mac senior vice president of corporate and marketing communications, has resigned from the GSE. Mr. Palombi, who also worked at Riggs Bank of Washington during his career, has accepted a position with WellPoint Inc. of Indianapolis, a health benefits company. He joined Freddie Mac in 1997. The GSE has been operating under a government conservatorship since the fall.
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.