Most Home Corp., Vancouver, British Columbia, has signed a nonbinding letter of intent to purchase all or substantially all the operating assets of NetUpdate Inc., a Web-based point-of-sale technology vendor.The parties intend to close on or before Dec. 31. The anticipated total value of the transaction is up to a maximum of $2.7 million, consisting of $500,000 in common stock, a $200,000 promissory note, and earn-out (common) shares of Most Home with a maximum value of $2.0 million. Most Home Real Estate Services Inc. provides an end-to-end electronic marketing solution and technology platform that enables real estate and mortgage firms to increase their online lead conversion rates, the company said. NetUpdate can be found online at http://www.netupdate.com.
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The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
2h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
3h ago -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
9h ago -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16 -
In a motion to dismiss UWM's suit, Ramon Walker argues the trademark infringement claim made by UWM is a "pretext to muzzle [his] criticism."
April 16 -
The Federal Reserve chair's comments coincide with the spring meeting of the International Monetary Fund and the World Bank Group in Washington. They also come as groups like the Basel Committee on Banking Supervision are being scrutinized.
April 16