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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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25