The Mortgage Bankers Association has promoted Jay Brinkmann to be the trade group's chief economist and senior vice president for research and economics. Mr. Brinkmann joined the MBA in 2001, and the economist has been in charge of research for much of that time. He previously worked at Fannie Mae in the portfolio strategy and credit pricing areas. He replaces Douglas Duncan, who left the MBA in February to be Fannie's chief economist. Mr. Brinkmann has a Ph.D. in finance from Purdue University and a master of business administration from Tulane University.
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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.
April 17








