BridgeSpan Inc., a provider of real estate settlement and mortgage processing technology, has announced the relocation of its corporate headquarters from Mountain View, Calif., to Frisco, Texas, a suburb of Dallas.As a result, BridgeSpan said it would expand its Frisco facility, the second time this year it has announced a major expansion there. The company said the move would enable its technology, marketing, and finance departments to operate from a single center and would improve service as a result of sharing the same facility as the company's "client-facing" operations in Texas.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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