First American Title Insurance Co., Santa Ana, Calif., has announced an agreement to acquire 100% of the stock of Seattle-based Pacific Northwest Title Holding Co. and its subsidiaries.The terms of the deal were not disclosed. First American said the transaction would significantly increase its regional market share and add approximately 25 direct offices and more than 500 employees to its operations in Washington, Oregon, and Alaska. Pacific Northwest has 10 title services subsidiaries, including Pacific Northwest Title Insurance Co. First American can be found on the Web at http://www.firstam.com.
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Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
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Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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