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WFG acquires West Coast retail title operations from Doma

Housing Wire

announced on Tuesday the completion of an agreement for WFG to acquire certain branches of Doma’s West Coast local retail title operations. The deal includes multiple retail title locations and operations centers in the Northern and Central California regions. Williston Financial Group (WFG) and Doma Holdings, Inc.

Retail 367
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How InstaMortgage convinced top broker shop to jump to retail

Housing Wire

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. InstaMortgage currently offers conventional, FHA and VA products in-house through its retail LOs and only brokers out a small portion of loans: jumbos and non-QM.

Retail 400
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Doma agrees to sell to Title Resources Group

Housing Wire

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. It reported an adjusted EBITDA loss of $3 million in the last quarter of 2023 and of $33.5 million for the entire year.

Insurance 391
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Flagstar Bank takes over Signature Bank’s retail branches

Inman

billion deal does not include about $4 billion in crypto-related deposits held by the former Signature Bank's digital-assets banking business, according to the Federal Deposit Insurance Corp.

Retail 133
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FOA closes on sale of Incenter’s title businesses

Housing Wire

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February.

Business 340
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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. According to the Federal Deposit Insurance Corp. This is a problem that we’ll be working on for years more, I’m sure. FDIC), banks held $2.78

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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business.

Lending 379