by | Jun 11, 2017 | Abstracting/Searching, Chicago Title, Closing, Industry News, Quality, Real Estate Law, Title Insurance, Title Insurance Lawsuits
A Connecticut title agent was held liable for $77,500 that was paid by a Title Underwriter to clear title to property it insured, as well as more than $20,000 in compensatory damages for fees and expenses incurred in negotiating the settlement. The case showcased...
by Jeanne | Feb 10, 2017 | CFPB, Closing, Industry News, mortgage, Quality, Real Estate Market, Title Insurance Lawsuits
The latest CFPB Complaint Report for Mortgages shows that, by far, the largest number of complaints filed with the CFPB were with the Credit Reporting Agencies – Equifax, TransUnion and Experian, having 3,897 complaints nationwide on credit reports in January. ...
by Jeanne | Nov 7, 2016 | Abstracting/Searching, CFPB, Closing, Education, Government Oversite, Industry News, Mobile Notaries, Privacy and Public Records, Real Estate Law, Title Insurance, Title Insurance Lawsuits, TRID Truth in Lending RESPA Integrated Disclosure
On October 31st, the CFPB issued updates to lenders on use of Service Providers. This appears to allow a bit more flexibility for the lender to handle day to day affairs with its Servie Providers and is good news for title companies, abstracting and closing...
by Jeanne | Oct 11, 2016 | CFPB, Government Oversite, Industry News, mortgage, Must Read and See, Title Insurance, Title Insurance Lawsuits
Excellent Article in The Atlantic today on the CFPB After a spate of recent activity which has included introducing long-awaited regulations for payday lenders and prepaid cards and a nearly $200 million fraud settlement from Wells Fargo, the Consumer Financial...
by Jeanne | Aug 1, 2016 | First American Title, Fraud, Identity Theft, Industry News, mortgage, Recording of Legal Documents, Title Insurance, Title Insurance Lawsuits
Press Release 7/31/2016 First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released theFirst American Loan Application Defect Index for June 2016, which...