First American Title Insurance Co., Santa Ana, Calif., is offering property owners who seek post-wildfire reconstruction loans a 50% reduction in the title insurance fees associated with securing those loans.The reduced rate will apply to any reconstruction loan taken two years after the date the disaster was declared. The company said the program has been available to California property owners for decades. One of the most recent uses for the product in Southern California came after the 1994 Northridge earthquake.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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