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 quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18