Info1 Holding Co. Inc., Atlanta, a national provider of credit information for the mortgage industry, has formed an alliance with Transamerica Flood Hazard Certification that will allow Info1 to resell Transamerica's flood determination services.Info1 is the only credit reporting firm licensed to resell TFHC products, the company said, including its new eFlood product, an Internet-based flood system with account management functions that allows users to access flood zone determination information over the Web. Info1 will also offer other Transamerica Flood services, including audits of the flood hazard status for portfolios of existing loans. The companies can be found on the Web at http://www.info1credit.com and http://www.transamericafinance.com/tfhc.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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