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States attorneys expresses concern over JPMorgan Chase breach
Posted Date: Monday, January 19, 2015
Several states attorneys general (Multistate) wrote a letter to Zoe Strickland, managing director and global chief privacy officer at JPMorgan Chase & Co. on Jan. 8 expressing their concern and requesting additional information regarding the data breach.
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CSC acquires PropertyInfo’s eRecording business
Posted Date: Thursday, January 15, 2015
Corporation Service Co. (CSC), a provider of eRecording services nationwide acquired the eRecording submitter business of PropertyInfo Corp., a wholly owned subsidiary of Stewart Title Co.
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Old Republic’s Q4 up significantly over 2013
Posted Date: Thursday, January 22, 2015
Old Republic International Corp. reported financial results for the fourth quarter and full-year 2014. Pretax operating income for both periods reflected much lower year-over-year general insurance earnings. Title insurance operating income in 2014’s fourth quarter gained significantly compared with results for the same period of 2013, while performance for the full year was eroded to some degree by transitory weaknesses in housing-related markets.
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CFPB posts 7 factors affecting mortgage interest rate
Posted Date: Sunday, January 25, 2015
The CFPB’s Owning a Home team posted “7 factors that determine your mortgage interest rate.” It says lenders know how interest rates are determined, and consumers should as well. Keep reading to learn more.
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Assured Title opens second location in Naples
Posted Date: Sunday, January 25, 2015
Assured Title Services, a full-service title insurance agency, specializing in both residential and commercial real estate transactions, opened a second office at the Promenade in Bonita Springs, Fla.
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Old Republic forms new specialty insurance joint underwriting venture
Posted Date: Tuesday, January 20, 2015
Old Republic International Corp. announced that it was sponsoring the formation of a joint underwriting venture with certain principals long associated with specialty insurance. The new venture, Old Republic Specialty Insurance Underwriters, Inc. will focus its operations on two distinct segments of the general insurance market place.
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Black Knight adds VP to deliver ‘innovative new products’
Posted Date: Tuesday, January 27, 2015
Black Knights has added an industry veteran to its ranks to develop and deliver additional products and services and expand the company’s offerings to the real estate industry. Read on to learn more.
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RealtyTrac adds data industry veteran to ranks
Posted Date: Thursday, January 22, 2015
RealtyTrac, added a data industry veteran and product management innovation executive to its ranks as senior vice president of data products. Keep reading to learn who.
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Counsellors Title welcomes new regional account manager
Posted Date: Tuesday, January 20, 2015
Counsellors Title Agency, Inc. added John DeSantis Jr. to its agency’s sales and marketing team of licensed title producers as regional account manager. He brings a broad and distinguished knowledge of the title insurance industry, representing over a quarter century of professional title experience.
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LandStar Title Agency appoints vice president
Posted Date: Monday, January 19, 2015
Joe Diliberti has joined the LandStar Title Agency as vice president to further develop its growing portfolio of regional and national accounts.
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Indecomm Global Services names new VP of sales
Posted Date: Thursday, January 15, 2015
Indecomm Global Services appointed a vice president of sales to spearhead the company’s sales efforts in outsourcing, risk management, learning and software services to the mortgage industry. Read on to learn more.
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Former title company employee heads to prison
Posted Date: Thursday, January 22, 2015
Harris County, Texas resident and title company employee Maria Eliza Garza was ordered to prison following her conviction in conspiring to defraud seven different Houston-area banks for more than $2 million in 2007 and 2008, announced United States Attorney Kenneth Magidson. Garza pleaded guilty Sept. 4, 2013.
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Former NFL player jailed for loan modification scheme
Posted Date: Tuesday, January 27, 2015
Jeffrey Charles Leroy Taylor was sentenced by U.S. District Judge Kenneth Marra to 36 months in prison, to be followed by two years of supervised release, and was ordered to pay $350,470.00 in restitution in a loan modification scheme.
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Fitch: Wells Fargo 2014 results consistently solid
Posted Date: Monday, January 19, 2015
Fitch Ratings views these results as consistent with WFC’s credit profile, with ratings that remain among the highest in the world, supported primarily by its superior earnings profile. WFC’s more commercial bank-focused business model continues to help set itself apart from its large bank peers, with less exposure to volatile capital markets revenues and, while not immune, much lower litigation-related expenses than other large bank peers.
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Zillow to host weekend hackathon
Posted Date: Tuesday, January 27, 2015
Zillow will host a weekend hackathon where developers will be asked to come up with creative solutions to make it easier for homebuyers to find a home. The winning team receives $10,000. Read on to learn more about the event.
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RealtyTrac looks back at foreclosure market in 2014
Posted Date: Tuesday, January 27, 2015
RealtyTrac, a source for comprehensive housing data, released its Year-End 2014 U.S. Foreclosure Market Report. Read on to see how foreclosures in 2014 matched up to previous years.
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Construction worker admits concealing mortgage fraud
Posted Date: Sunday, January 25, 2015
A Belvidere, N.J., man admitted he concealed a mortgage fraud scheme carried out by his wife, a former real estate title agent, in which they obtained seven loans, totaling more than $3.7 million, on two properties located in Belvidere and Wood-Ridge, N.J., U.S. Attorney Paul J. Fishman announced.
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Maryland title firm, two lenders cited by CFPB for illegal kickbacks
Posted Date: Thursday, January 22, 2015
The Consumer Financial Protection Bureau and the Maryland Attorney General announced actions against Wells Fargo and JPMorgan Chase for engaging in illegal marketing services with a now-defunct title company, Genuine Title. In addition to the banks, the bureau and Maryland took action against a former Wells Fargo employee and his wife for their involvement. In all, the penalties for the enforcement total more than $35 million.
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Umatilla County now eRecording
Posted Date: Monday, January 19, 2015
Umatilla County, Ore., has implemented eRecording documents such as deeds and mortgages to save money and provide better customer service. Keep reading to learn more.
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Foreclosure inventory down 35 percent
Posted Date: Monday, January 19, 2015
As of November 2014, approximately 567,000 homes nationally were in some stage of foreclosure, compared with 880,000 in November 2013, a year-over-year decrease of 35.5 percent, according to the November National Foreclosure Report released by CoreLogic. Keep reading to learn more.
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Title agent pleads guilty in New Jersey
Posted Date: Monday, January 19, 2015
A former real estate title agent admitted to carrying out a mortgage fraud scheme in which she obtained seven loans, totaling more than $3.7 million, on two properties located in Wood-Ridge, N.J., and Belvidere, N.J.
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Commercial real estate activity expanding, says Beige Book
Posted Date: Thursday, January 15, 2015
Reports from the 12 Federal Reserve Districts suggest that national economic activity continued to expand during the reporting period of mid-November through late December, with most Districts reporting a “modest” or “moderate” pace of growth according to the “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” otherwise known as the Beige Book.
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President proposes cybersecurity legislation
Posted Date: Thursday, January 15, 2015
President Barack Obama spoke at the Federal Trade Commission (FTC) on Jan. 12 regarding his recent initiatives to curb the threats to cybersecurity. He also unveiled plans to introduce legislation on data breach notification, as well as a Consumer Privacy Bill of Rights.
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Carrington names institutional business liaison
Posted Date: Thursday, January 15, 2015
Carrington Mortgage Holdings appointed a new institutional business liaison for its real estate and mortgage divisions. The industry veteran possesses a rich history of managing business growth and developing key relationships within the housing sector. Read on to learn who was appointed.
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Mortgage applications increase 49 percent
Posted Date: Thursday, January 15, 2015
Mortgage applications increased 49.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 9, 2015. Read on to learn more.
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