Finance of America’s (FOA) title insurance businesses are now officially owned by housing finance firm Essent Group.
Announcing the deal’s completion, FOA revealed that its indirect subsidiary, Incenter, received $100 million for offloading Agents National Title Holding Company (ANTIC) and Boston National Holding (BNT). Essent has purchased issued and outstanding shares of ANTIC and the issued and outstanding membership interest of BNT.
Missouri-based Agents National Title issues title insurance products through a network of title insurance agents. Boston National Title, an independent title agency headquartered in North Carolina, provides title and settlement services.
Source: mpamag.com