Williston Financial Group and its wholly owned subsidiary, WFG National Title Insurance Co., which is headed up by title insurance industry veteran Patrick Stone, have opened their national headquarters in Lake Oswego, Ore. In the six months since Stone and his group formed the company, it has become licensed in 33 states and hired 200 employees nationwide. Stone plans to continue WFG's aggressive growth program, declaring, "It is the most opportune time in the market's history to make cost effective acquisitions. Moreover, the real estate settlement services industry has become internally focused, creating a disconnect with clients forced to adjust to a challenging market dynamic." Stone is the former president and chief operating officer of Fidelity National Financial and also served as the chief executive of Fidelity National Information Systems. He also has served as the vice chairman of Metrocities Mortgage and as a director for First American Corp.
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Dream Finders Homes made its intentions public in an effort to push for shareholder approval following Beazer's rejection of two prior offers.
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Market watchers say that the economy as a whole is holding up under higher energy prices and do not expect a recession. Even so, observers are watching financial markets and consumer spending for signs that inflation expectations are taking hold.
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Prices rose 0.32% last month on a seasonally adjusted basis, equal to a 3.9% annualized rate, according to ICE Mortgage Technology's mortgage monitor report.
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Two other nonbank mortgage firms also recently got in position to raise capital while NVR, a builder and lender, added new authorization for share repurchases.
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While those electing cash could receive $12.50 per share, UWM's all-stock alternative remains unchanged from the company's initial agreement for Two Harbors.
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The changes include clearer and revamped questions and updated requirements for criminal, regulatory and financial disclosures, the CSBS said.
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