Richard Winter, founder of The Winter Group, which ran a modest-sized trading desk that specialized in home equity loans, has left the organization, MortgageWire has learned. At deadline time, neither the company nor Mr. Winter could be reached for comment. The firm is based in New York. TWG, owned by Shinsei Bank of Japan, also operates a specialty servicer based in Colorado. That business, according to servicing brokers, is now being shopped around to potential buyers. One broker said its portfolio could total upwards of $8 billion (including subservicing contracts), but could not say for sure.
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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.
April 17 -
Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
April 17 -
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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