Titan Investment Partners LLC, a private equity firm based in San Diego that is also the managing owner of Del Mar Database, will acquire Sollen Technologies LLC, Dallas.Sollen develops technology that provides real-time delivery of mortgage loan product and pricing information for U.S. mortgage lenders. Details of the deal were not disclosed, but Titan said it expects the deal to close within the next few weeks. Titan, a provider of mortgage technology services to over 230 lenders in the United States, is a member of the Relational Group, an asset management and financial advisory firm with more than $2.3 billion under management. Del Mar Database is the developer of the DataTrac and WebTrac business applications. The companies can be found on the Web at http://www.sollen.com and http://www.delmardb.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
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The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
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