Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups. Continue reading
The DOJ’s recent statement, made in relation to a lawsuit against pork producers, notes that the sharing of information among competitors could violate antitrust law “even without proof of an agreement to fix prices.” Continue reading
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac’s federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance. Continue reading
Nation’s largest mortgage lender says brokers “will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication.” Continue reading
In a pilot program announced last week, the Biden administration cleared the way for Fannie Mae and Freddie Mac to let some homeowners refinance mortgages without paying for title insurance. Continue reading
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
The mortgage data analytics provider that is pioneering attorney title opinion letters had previously expanded digital asset capabilities with a $101 million Blue Water acquisition. Continue reading
North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents. Continue reading
The wholesale lender is hiring and training lawyers to generate attorney opinion letters in-house in order to meet what the company expects to be strong demand. Continue reading
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw second-quarter premiums drop by 18.4 percent. Continue reading