Housing Wire
APRIL 10, 2024
The Consumer Financial Protection Bureau is considering a ban on mortgage banks charging homebuyers for the lender’s title insurance policy , according to a report by Bloomberg. Lender’s title policies protect lenders from issues that may arise with the title of the property, but they are paid by the borrower.
Housing Wire
JANUARY 18, 2024
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 BEC is a sophisticated combination of phishing and spoofing used to extract $2.7
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Housing Wire
APRIL 19, 2024
Ginnie Mae also claims that TCB has not exhausted all available “administrative remedies,” that the bank lacks standing “because the claimed injury is not redressable by the powers” of the court, and that the “extinguishment of the collateral is committed to agency discretion.”
Housing Wire
JANUARY 31, 2024
When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. Information exposed by the breach included customer bank account numbers, names, addresses, phone numbers and Social Security numbers.
Housing Wire
JANUARY 11, 2023
Those who aren’t really familiar with the settlement services industry tend to think of a title agency as, more or less, the business that makes the closing happen and delivers a title insurance policy. But those who live and breathe title know there’s something even more fundamental with which they are charged. Far from it.
Housing Wire
DECEMBER 13, 2021
The title insurance industry generated $6.8 billion in title insurance premiums in Q3, marking the industry’s best quarter ever. HousingWire: What aspects of the title process can most benefit from technology? Nominations for HousingWire’s Tech100 award are now open through Friday, December 17, 2021.
Housing Wire
JUNE 8, 2023
The title insurance industry is on the front lines in a never-ending war with the fraudsters. Title professionals and other members of the real estate industry need to take their security seriously, experts said. This is my 40 th year in the title industry,” Bullion-Mincy said. Can you afford to lose a million dollars?
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