The First American Corp., a Santa Ana, Calif.-based provider of economic information, including title insurance and mortgage data, has announced the signing of a $500 million syndicated credit facility.The administrative agent for the credit agreement was JPMorgan Chase Bank, and the syndication agents were Comerica Bank; Union Bank of California NA; US Bank; and Wells Fargo Bank NA. First American can be found on the Web at http://www.firstam.com.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
18m ago -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
1h ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
9h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27