Gary C. Dunton, chairman and chief executive officer of MBIA Inc., a bond insurer that has been wrestling with mortgage-related woes, has resigned and been replaced by former executive chairman Joseph "Jay" Brown. Mr. Brown had been executive chairman of the Armonk, N.Y.-based company until his retirement in May of last year and previously served as chairman/CEO between January 1999 and May 2004. MBIA can be found online at http://www.mbia.com.
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.
Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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.
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.
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.