Morning Briefing: Hurricane Matthew estimated to have hit 1.5 million properties

by Steve Randall11 Oct 2016
Hurricane Matthew estimated to have hit 1.5 million properties
Homeowners and businesses in around 1.5 million properties will be counting the cost of the devastating Hurricane Matthew.

That’s the estimated impact of the hurricane according to analysis by CoreLogic which puts the insured property loss at between $4 billion and $6 billion…and that’s before the cost of flood damage and interruption to business is included.

The data indicates, the insured loss estimate from Hurricane Matthew is well above Hurricanes Floyd and David, but well below Hurricanes Katrina and Sandy.
First American buys mortgage tech firm
First American Financial has acquired mortgage technology services firm TD Service Financial Corporation. The deal will see TD and its subsidiaries become part of First America’s Mortgage Solutions division.

“We’re excited to welcome TD Service Financial Corporation to the First American family. Both companies have a long history of dedicated service to our clients and commitment to our industry,” said Dennis J. Gilmore, chief executive officer of First American Financial Corporation.

Current TD co-chairs Dale and Sandi Dykema will retire from the business while current president and COO Robert Phelps will join the leadership team at First American Mortgage Solutions.

“This union establishes a best-in-class, post-closing suite of services that further broadens our end-to-end offerings and ability to support our customers across the full life cycle of a mortgage loan,” said Kevin Wall, president of First American Mortgage Solutions.
Apartment owners would rather have anyone than Trump poll says
A survey of members of the American Apartment Owners’ Association revealed that 35 per cent favor Hillary Clinton to be the next resident of the White House while 31 per cent are backing Donald Trump.

Despite the close result, there is an added element; 34 per cent of respondents would prefer neither of the two candidates.

"We have a very diverse membership of small to medium sized real estate investors" said AAOA spokesman, Tyler Randall, who continued, "It is striking that Mr. Trump and his real estate acumen did not garner a better result."


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