The Securities Industry and Financial Markets Association has announced the appointment of Sean Davy as managing director in the mortgage-backed securities and securitized products division in New York. He will act as a staff adviser and be responsible for the division's legal, regulatory and market practice initiatives. Mr. Davy brings experience in the securitization and structured products markets, especially in the MBS area, SIFMA said. He was most recently a director and global relationship manager with Deutsche Bank AG's global banking division.
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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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