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 (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....
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...
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...
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...
Mortgage application activity recorded a slight decline in data from the Mortgage Bankers Association covering the week ending Dec. 13. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 0.7% on a seasonally adjusted basis...
