Jack Kemp, who was secretary of housing and urban development in the George H.W. Bush administration, is becoming a spokesman for Generation Mortgage Co., an Atlanta reverse mortgage specialist. "A strong advocate of the housing industry, Jack is a natural fit for us as he was deeply enmeshed in affordable housing issues, housing finance, and home ownership when he served as U.S. housing secretary from 1989-1993," said Jeffrey Lewis, chairman of Generation Mortgage. Mr. Kemp ran for vice president in 1996, was a member of the House of Representatives from 1971 to 1989, and prior to that played quarterback for a number of National Football League and American Football League teams, most notably the Buffalo Bills.
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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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