S. Trezevant Moore Jr. has been promoted to the post of chief executive officer of Luminent Mortgage Capital Inc., succeeding Luminent founder Gail P. Seneca, who will remain as chairman.Mr. Moore joined the company in March 2005 as president and chief operating officer and has served as a director since November 2005. Luminent said Mr. Moore has 30 years of experience in the capital markets, with a focus on mortgages. Before joining Luminent, he headed capital markets operations at a major mortgage insurer and ran three mortgage conduit operations at investment banks, Luminent said. The company can be found on the Web at http://www.luminentcapital.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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