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Title Insurance Premium Volume Up 5.3% in Q3

Title Insurance Premium Volume Up 5.3% in Q3

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The title insurance industry generated $4.3 billion in title insurance premiums during the third quarter, according to new data from the American Land Title Association (ALTA). This marked a 5.3% upswing from one year earlier. During the third quarter, total operating...
Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses

Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses

by Phil Hall | Dec 18, 2024 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024....
New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, WRE News Exclusive

The New York State Department of Financial Services (DFS) is proposing to expand the state’s version of the Community Reinvestment Act (CRA) to include nonbank mortgage lenders. DFS Superintendent Adrienne A. Harris raised the idea by pointing to the increased...

CFPB Finalizes Rule on PACE Loan Protections

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has finalized a rule covering existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid...
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey real estate investor was sentenced to five years in prison and ordered to pay $22 million in restitution for his role in a $54.7 million multi-year mortgage fraud scheme. Aron Puretz was an employee of Apex Equity Group, a real estate investment and...
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