First American buying B of A mortgage lien release business

First American Announces Agreement to Acquire Bank of America’s lien release business Operations and Assets. The transaction is expected to close in the first quarter of 2018. Once the sale is complete, Bank of America’s lien release business and its employees will become part of First American’s Mortgage Solutions division, a leading provider of comprehensive solutions for residential lenders and servicers covering the entire loan spectrum.

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"We’re excited to soon welcome the Bank of America lien release team to First American," said Dennis J. Gilmore, chief executive officer at First American Financial Corporation.

First American Financial Acquires Bank of America’s Lien Release Business Operations and Assets. The acquisition enhances First American Mortgage Solutions’ first rate post-closing and document management proficiency and complements its ability to serve the lender, servicer, and investor communities.

Canadians managing mortgages despite soaring household debt load Thanks in part to a rising number of mortgage loans, the debt levels of Americans increased during the last three months of 2017. Reuters, citing the Federal Reserve Bank of New York, reported that.

That would be the fifth-straight period of double-digit profit growth, according to I/B. release. Still, stock market moves typically lead consumer sentiment, meaning December’s sharp sell-off.

The acquisition will complement and enhance First American’s existing best-in-class lien release business and will include agreement to continue to provide lien release services to Bank of America.

First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America. The transaction is expected to close in the first quarter of 2018, and the bank’s lien business employees will become part of First American’s Mortgage Solutions division.

How To Pick A Mortgage Lender When Buying A House Bottom line: a mortgage is a type of lien, but it’s considered a good lien. As long as you can make your mortgage payment on time every month, there’s no need to worry about the bank knocking at your door and taking your home. Whether you have a first or a second mortgage, these are more than a type of loan.

FDIC most likely can assist you in obtaining a lien release if you were the customer of a failed bank that went into an FDIC Receivership. To determine if FDIC might be able to provide your lien release, check to see if your bank was (acquired with government assistance):. Search BankFind

In addition to the press release. of our first lien term debt. Our balance sheet remains healthy with $74.3 million cash on hand and $220 million available under our ABL facilities. This results in.

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