Joe Cartellone has been named president and chief operating officer of Cleveland-based National City Corp., the parent company of National City Mortgage, Miamisburg, Ohio.Mr. Cartellone replaces Rick Smalldon, who has decided to step down from his current post to relocate to Arizona, the company said. Mr. Cartellone was most recently senior vice president and national sales manager of National City Home Equity. Before joining National City in 2000, he held various positions at Chase Manhattan Mortgage. National City can be found on the Web at http://www.nationalcity.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.
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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