The Chinese affiliate of First American Corp., Santa Ana, Calif., has launched a website, the first of its kind in China. First Title (Beijing) Real Estate Guaranty Co. Ltd. is the first entirely foreign-owned real estate guaranty company in the country. "We want to integrate the real estate finance service chain in China," said Edward Ma, assistant vice president of information operations for First Title (Beijing). "Our website, backed by a specialized service team and partnership with leading industry practitioners such as Kblcw.com, Moneyschool.msn.com.cn, Kooxoo.com, and Pinggu.Soufun.com, provides loan product information to our clients in a timely manner." The website will serve as a one-stop, self-service platform for end-users by providing real estate purchasers and owners with the most up-to-date information on mortgage product options -- the Chinese version of escrow and other services for residential and commercial property transactions. The website is located at http://www.zhongyian.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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