Stewart Information Services Corp., Houston, has announced a reorganization of its real estate information operating subsidiaries into a new subsidiary, PropertyInfo Corp., with industry veteran Patrick Vaden at the helm.The move will affect REIData Inc., First Data Systems Inc., Ultima Corp., Stewart Re-Source Inc., and Information Services of Illinois LLC. "Stewart's vision is for PropertyInfo to be a leading online provider of integrated real estate information and technology to real estate professionals and title agencies," said Stewart Morris Jr., Stewart's president and co-chief executive officer. "Combining and coordinating several related [real estate information] efforts under one leadership umbrella better organizes Stewart to effectively deploy REI directly to real estate agents, brokers, and other customer segments." Mr. Vaden, a 30-year veteran of the title industry, was most recently a senior-level manager of Stewart-affiliated offices and independent agencies in Arkansas and Tennessee, a post he will retain. He will be president and CEO of PropertyInfo. Stewart can be found online at http://www.stewart.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18