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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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
9h ago -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
10h ago -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
11h ago -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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