Consumer Direct of America, a mortgage brokerage consolidator based in Las Vegas, has announced that it will open a title insurance subsidiary in Atlanta.The operation, which will be headquartered in Consumer Direct's Atlanta banking office, will provide title insurance services to the company's mortgage branch system. The company said the subsidiary will allow Consumer Direct to insure its mortgage loans and add an additional 1%-2% to its revenue stream. "We intend to integrate the title insurance products into our branch production operations during 2004," said Michael A. Barron, chief executive officer of Consumer Direct. "By adding the title insurance products, we add a much greater level of control to the closings of our loans."
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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