First American Title Insurance Co., Santa Ana, Calif., has announced the acquisition of Complete Title Services LLC, Brainerd, Minn., for an undisclosed amount.Complete Title, which has seven offices in north and central Minnesota, will continue to operate under its existing name and management structure, led by David M. Lauer as president and James M. Gammello as vice president. "Complete Title is a well-run, profitable business that gives First American a foothold in an 11-county region in North/Central Minnesota," said Steve Mustin, regional vice president for First American Title. "This is an area with significant second-home purchase activity and overall market growth." First American can be found online at http://www.firstam.com.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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