CapTech Financial Group, a Lighthouse Point, Fla.-based holding company for title agencies, says it will apply for listing on the American Stock Exchange in view of its planned acquisition of Your Title Choice Inc., which has offices in Fort Lauderdale and Tampa.The deal would add $4 million in revenues to CapTech, which currently trades over the counter, thus qualifying it to pursue listing on Amex, the company said. The agencies that CapTech owns do business as National Security Title. CapTech acquired the original National Security Title, which has offices in Lighthouse Point and Tampa, in June. The company said then that the goal was to build a nationwide business of title agencies. As of midday July 14, it was trading at 32.7 cents per share, up 5.7 cents on the day.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25