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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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25