Two wholly owned subsidiaries of Stewart Title Co. -- Landata Systems Inc., a technology provider, and Stewart Realty Solutions, formed two years ago to take online transaction management to the real estate and mortgage industries -- will be merged to form Stewart Transaction Solutions, Houston.Stewart Title said key technologies to be handled by the new company include the SureClose online transaction management system; the eClosingRoom electronic closing platform (developed by Stewart Title and Silanis Technology); the AIM for Windows title production system; and the TitleSearch title plant, document imaging, and search analysis systems. Mike Davis, president of Landata Systems, will serve as chief executive officer of Stewart Transaction Solutions, and Travis Wright, CEO of Stewart Realty Solutions, will serve as the new company's president and director of business development. Mr. Davis will remain as chief information officer of Stewart Title's parent company, Stewart Information Services Corp. The new company can be found online at http://www.stewarttransactionsolutions.com.
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A North Carolina homeowner says the large servicer's $6.75 fee for borrowers to make mortgage payments with a debit card violates a state debt collection law.
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Treasury Secretary Scott Bessent said the Federal Reserve Board should reject the renomination of any regional Federal Reserve Bank presidents who have not lived in their districts for three years, signaling a potential confrontation when reappointments come before the board in February.
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Declining issuances since 2022 led to a request for information regarding the future direction of the reverse mortgage program, and NRMLA and MBA responded.
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Decision makers have voiced support for lower financing costs but researchers have said achieving it could be complicated. Part 3 in a series.
December 3 -
In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements."
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Absolute will add Fidelity Digital Mortgage's 55 producing loan officers to its team of roughly 190.
December 2


