Title underwriter TRG inks $85M merger deal to take Doma private

If approved by shareholders and regulators, the proposed merger would result in an all-cash transaction, with TRG acquiring Doma’s outstanding shares at 38 percent premium of $6.29 per share. Continue reading

Title technology provider Doma posts $124M 2023 net loss

CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers. Continue reading

Nation’s biggest title insurer hit by ransomware attack, reports say

Fidelity National Financial acknowledges that a “cybersecurity incident” disrupted the provision of title and escrow services and other technology and mortgage services. Continue reading

Doma sells off more title operations in Texas and Midwest

Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May. Continue reading

Real Matters hires new chief financial officer as revenue dwindles

Executives with the Canadian real estate tech company said its U.S. expansion plan and ambitious goals to grow its appraisal and title insurance market share are still in place. Continue reading

As losses mount, Blend looks beyond mortgage for future growth

The San Francisco-based cloud banking software provider has trimmed the company’s payroll by 1,100 employees and cut annual expenses by $72 million. Continue reading

Utah 1st state to ban long-term listing agreements enforced by lien

Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association. Continue reading

Essent scooping up Finance of America’s title businesses for $100M

The struggling lender’s pivot to reverse mortgages creates an opportunity for the big private mortgage insurer to acquire Agents National Title and Boston National Title. Continue reading

Insurance industry veteran re-ups for another 3 years as Stewart CEO

Fred Eppinger who is credited with generating “record-setting growth and success” earned $5.15 million in total 2021 compensation, the company said. Continue reading

Tech-enhanced title provider Flueid announces $15M Series B raise

Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365 million fund, Aquiline Technology Growth Fund II, back in May. Continue reading