REIData Inc., a Houston-based subsidiary of Stewart Information Services Corp., has announced the formation of two new divisions and the realignment of certain key functions.Kevin Beach, a 28-year veteran of the title industry, has been named president of the title plant services division, currently a business unit based in San Antonio, with a satellite office in Chicago. Cathy Bell, who has been with the Stewart organization for 15 years, has been appointed president of the PropertyInfo.com division. The company also announced that vice president Matthew Childress will head a new technology team to handle development and "level 2" support of the PropertyInfo.com portal and all REIData applications products, and that Tom Abbate, senior vice president for business development and strategic products, will head a new title product deployment team. REIData can be found online at http://www.propertyinfo.com.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
6h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
7h ago -
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.
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The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
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