The real estate technology company Compass has signed a definitive agreement to acquire a leading title insurance and settlement services company serving the Washington, D.C., metropolitan area, the company announced. In 2020, Compass acquired title and escrow-software startup Modus.
Fidelity National Financial, Inc.’s fourth-quarter title revenue increased by more than 30 percent, according to the company’s latest earnings statement. CEO Randy Quirk said the company is very pleased with its strong financial results and made significant headway in technology investments in its title business.
A bill that would establish anOffice of Fair Lending Testing within the Consumer Financial Protection Bureau to review mortgage loan applications for compliance with the Equal Credit Opportunity Act (ECOA) is gaining new traction
The Fair Lending for All Act would provide strong criminal penalties for violating ECOA. National Fair Housing Alliance President and CEO Lisa Rice recently spoke in support of the bill before the House Financial Services Committee. Read on for details.
The Consumer Financial Protection Bureau (CFPB) announced it expects to propose a rule to delay the General Qualified Mortgage (QM) Final Rule’s July 1, 2021 mandatory compliance date.
On Dec. 10, the CFPB issued two final rules to help support a smooth and orderly transition away from the government-sponsored enterprise patch and maintain access to responsible, affordable mortgage credit.
Read on for details from acting CFPB Director Dave Uejio.
The Arizona Department of Insurance and Financial Institutions issued a cease-and-desist order against Clearview Abstract LLC after receiving evidence the company violated laws concerning the conduct of a licensed escrow agent. Read on for more details.
The Rhode Island General Assembly is considering a bill that would mandate only Rhode Island attorneys could act as title agents and determine insurability and marketability. In addition, it would limit discount title insurance premiums and restrict sharing premiums. Read on for more details.
The Michigan Department of Insurance and Financial Services issued a cease-and-desist order against a title company and two employees for alleged unlicensed and fraudulent insurance practices. Read on for more details.
Even top experts fumble on mortgage rate predictions because their rise and fall is based largely on investors’ attitudes, which can turn on a dime. Currently, investors fear possible inflation – the enemy of Treasury bonds. And as bond investment falls, mortgage rates (often) go up.