MEM Financial Solutions, a mortgage brokerage based in the Albany suburb of Halfmoon, N.Y., has announced the acquisition of Land Research Solutions Inc., a title company located in Clifton Park, N.Y.The terms of the transaction were not disclosed. MEM Financial said Land Research's Charlotte Freeman and Bonnie Van Alphen have 55 years of combined experience in the mortgage and title industries. Land Research's predecessor company, Integrity Title Co., recorded gross earnings of $801,000 last year, a 78% increase from its earnings in 2003, according to MEM Financial. The company can be found online at http://memfinancialsolutions.com.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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