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japanese-builder sekisui-house-to-acquire-mdc-for-$4.9b

Japanese Builder Sekisui House To Acquire MDC For $4.9B

Japanese homebuilder Sekisui House, Ltd. has struck a deal to acquire its U.S.-based peer M.D.C. Holdings, Inc. in an all-cash transaction that values the target at $4.9 billion, the companies announced Thursday.  The acquisition turns Sekisui into the fifth largest homebuilder in the U.S as it expands the company’s presence to 15,067 combined home

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Qualia Accuses Title Startup Settlor Of Stealing Trade Secrets

Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets. In a lawsuit filed on Tuesday in U.S. District Court in Denver, Qualia claims that its former senior manager of product at Resware Krista Myers, who is now a product

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Wire And Title Fraud Risk Reach An All-Time High In Q4: Report

Wire and title fraud risk reached an all all-time high in Q4 2023 with 51.8% of transactions having issues that led to a risk of wire and title fraud, according to FundingShield‘s quarterly report. On average, problematic loans had 2.2 issues per loan indicating the lack of appropriate controls by

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Former Ginnie Mae President Applauds The Development Of New HMBS Product

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. Announced earlier this week as a part of

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