Brenda White, an investment banker who brokered some of the largest mortgage-related M&A deals of the past 15 years, died Sunday after a two-year battle with a rare form of cancer. Born in Monmouth County, N.J., in 1954, she is survived by her husband Tim and a daughter, Adrienne. Ms. White began her career at Dun & Bradstreet, and eventually worked at MBS pioneer Salomon Brothers. In 1994 she was named managing director, head of investment banking to the mortgage industry. According to a statement released by her family, her promotion at Salomon was "perhaps her proudest professional achievement." During her career she also held M&A advisory positions and worked at UBS and Deloitte & Touche before starting her own M&A boutique. Over the years she authored several M&A related articles in industry trade publications including NMN sister publications Mortgage Servicing News and American Banker.
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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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