Fidelity National Financial Inc., Jacksonville, Fla., has announced the acquisition of the 45% of Hansen Quality Loan Services Inc. -- a provider of collateral score products and automated valuation models to the mortgage and investment banking industries -- that it did not already own.The terms of the transaction were not disclosed. FNF said Hansen's collateral score products include quality control of closed-loan appraisals, loan portfolio assessment for securitization or sale, collateral evaluation at the outset of the underwriting process, and risk analysis in the extension of credit. "Hansen has been a strong contributor to our real estate information services group since the acquisition of a majority interest by Fidelity National Information Solutions in May 2002," said William P. Foley II, FNF's chairman and chief executive officer. The company can be found online at http://www.fnf.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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