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Home improvement project loans underpin Foundation Finance’s $399.3 million

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Consumer loans that finance home improvement projects—including windows, will secure $399.3 million in asset-backed securities (ABS) that Foundation Finance acquired from dealers who originated the contracts. Processing Content Notes will be sold through five classes of A, B, C, D and E notes, and they all have a legal final maturity date of Feb. 17, […]

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Paul Hurst, chief strategy officer at First American

Pulte says title waiver pilot expanding, new study warns of risk

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A government-sponsored enterprise is carefully adding to a test allowing certain refinance loans to forgo title insurance, its oversight chief said Tuesday, just as new industry research urges caution around this. Processing Content “As long as it is safe and sound, our team is pushing for efficiencies and lower costs in title insurance,” Federal Housing

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Trump’s top economic aide pick has unconventional bank ideas

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Key insight: Christopher Phelen, a professor at the University of Minnesota and President Donald Trump’s pick to lead the Council of Economic Advisers, has been a critic of the basic ways that banks across the company take and lend out capital.  Forward look: Phelen is up for a nomination hearing in the Senate Banking Committee

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