A European title insurance underwriting affiliate of Stewart Information Services Corp., Houston, has opened a new office in Budapest, Hungary.The company has named Gabor Kovats, who has nearly 10 years of experience in the country's financial and real estate industries, as the business development manager for Hungary. "The Hungarian title insurance industry is growing, and the opening of our Budapest office and the addition of Gabor will ensure that we are there to fully support and become an essential resource to our clients," said Steven M. Lessack, chief executive officer of Stewart Title Ltd., London.
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The RMBS notes benefit from geographic diversity and credit enhancement.
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A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.
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Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
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The chairman and regulator of Fannie Mae and Freddie Mac pointed to Jermone Powell's recent testimony about renovations to the Federal Reserve's headquarters.
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It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.
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Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
July 2