KBW, a New York City-based investment bank, has announced the addition of two principals and an associate to its recently formed Real Estate Investment Banking Group. The new hires are principals Michael Hawkins and Robert Woomer and associate Christopher Hanley. Mr. Hawkins will focus on client coverage and Mr. Woomer will head KBW's real estate private equity team. All three join KBW from the Real Estate Investment Banking Group of Wachovia Securities. KBW, the parent company of Keefe, Bruyette & Woods Inc., can be found on the Web at http://www.kbw.com.
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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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