The First American Corp., Santa Ana, Calif., has filed a Form 10 registration statement with the Securities and Exchange Commission. The filing is an important step toward the completion of the company's separation of its financial services businesses from its information solutions businesses. The transaction is expected to close on April 1, 2010. First American shareholders will receive 100% of the common stock of the newly formed First American Financial Corp., the new parent of the financial services business.
-
Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.
5h ago -
Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.
6h ago -
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
7h ago -
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
8h ago -
Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
September 23 -
Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
September 23









