Activist investor Dan Gropper claims Cannae Holdings’ “vague and undifferentiated” approach to acquisitions and “egregious governance practices” have cost shareholders nearly $1 billion. Continue reading
Revenue from Blend’s biggest business, its mortgage software suite, fell 6 percent in 2024 to $73.3 million. A 42 percent increase in consumer banking suite revenue, to $33.7 million, more than made up the difference. Continue reading
DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million. Continue reading
Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders. 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
Fathom Holdings beefs up title coverage in three states with “strategic addition” to geographic footprint, acquiring nine-person title agency with offices in Utah, Colorado and Virginia. Continue reading
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
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
Fidelity National Financial acknowledges that a “cybersecurity incident” disrupted the provision of title and escrow services and other technology and mortgage services. Continue reading
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