David Jacob has been named executive managing director and head of structured finance ratings at Standard & Poor's Ratings Services. Mr. Jacob replaces Vickie Tillman, who has been acting head since January when Joanne Rose became executive managing director for risk and quality policy at S&P. The rating agency termed Mr. Jacob "a pioneer in the securitization industry" with 25 years of experience in fixed-income investment analysis and the structured finance markets. Most recently a principal with Adelson & Jacob Consulting, he previously led the Structuring Department at Nomura Securities International and was later managing director and head of international fixed-income research. He was managing director and head of fixed-income research at JPMorgan, and served as vice president and head of quantitative analytics at Morgan Stanley. S&P can be found online at http://www.standardandpoors.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.
April 17 -
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.
April 17 -
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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