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.
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Panorama Mortgage Group's channels each had a different name, and SimplyPMG reflects a new emphasis on straightforwardness, said Hector Amendola, president.
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The new unit, renamed XedaLink, will serve some of Xactus' direct competitors in the consumer reporting agencies space through a different platform.
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The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize property standards.
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Some international investors, who represent roughly 20% of Ginnie's market, are gravitating to real estate mortgage investment conduit securities.
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The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
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The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
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