|
Illinois, PNTN settle over examining attorney program
Posted Date: Monday, March 9, 2020
The Illinois Division of Financial Institutions reached an agreement with Professional National Title Network (PNTN) regarding the allegations in a cease-and-desist order demanding PNTN discontinue its Examining Attorney Program. Read on for more details.
|
|
|
|
Title insurer sues agent to recover under personal guaranty
Posted Date: Monday, January 27, 2020
A title insurer sued a policy issuing agent after it had to pay a claim for an improperly issued title policy to recover under the agency manager’s personal guaranty that the agency would indemnify and save harmless the insurer for all losses resulting from certain errors and omissions. Read on for more details.
|
|
|
CFPB announces responsible business conduct bulletin
Posted Date: Monday, March 9, 2020
The Consumer Financial Protection Bureau announced three measures to advance its priority of preventing consumer harm, including amending and reissuing its responsible conduct bulletin, implementing an advisory opinion program and proposing a whistleblower award program. Read on for more details.
|
|
|
Virginia kickback prohibition awaits governor’s signature
Posted Date: Wednesday, March 4, 2020
A bill that would create a prohibition against payment or receipt of settlement services kickbacks, rebates, commissions and other payments has been adopted by the Virginia House and Senate and awaits the governor’s signature. Read on for more details.
|
|
|
Report: Fraud risk reaches new low
Posted Date: Wednesday, March 4, 2020
Mortgage fraud risk has fallen to a new low, according to First American’s Loan Application Defect Index for January 2020. Read on for more details.
|
|
|
Buyer at foreclosure sale seeks rescission
Posted Date: Wednesday, March 11, 2020
A buyer at a nonjudicial foreclosure sale purchased a deed of trust believing it was in the first lien position. After purchasing the deed, he discovered the lien was in second position and sought to return the deed and recoup his funds. When that didn’t work, he filed suit to rescind the sale. Read on for more details.
|
|
|
Durham city, county attacked by malware
Posted Date: Wednesday, March 11, 2020
After receiving notice of a cyber malware attack late on Friday, March 6, the city of Durham and Durham County government in North Carolina are now in the recovery process. Read on for more details.
|
|
|
Rhode Island considers mechanics’ lien bill
Posted Date: Wednesday, March 11, 2020
The Rhode Island General Assembly is considering a bill that would provide for the release of unperfected mechanics’ liens by the filing of an affidavit. Read on for more details.
|
|
|
|
Virginia adds to trustee’s deed statute bill
Posted Date: Monday, March 9, 2020
The Virginia General Assembly added a provision regarding the advertisement required before the sale of property by a trustee to a bill that would also clarify a trustee’s fiduciary duties under a deed of trust. Read on for more details.
|
|
|
Long Island man sentenced for $1 million deed fraud
Posted Date: Monday, March 9, 2020
A Long Island man was sentenced to one-and-a-half to four-and-a-half years in prison for stealing a vacant brownstone worth more than $1 million in a deed fraud scheme targeting an 80-year-old Bedford-Stuyvesant homeowner. Read on for more details.
|
|
|
Tennessee man found guilty of wire fraud
Posted Date: Monday, March 9, 2020
A federal jury found Anthony T. Williams, 48, of Nashville, Tenn., guilty of 32 counts of wire and mail fraud. He marketed a fraudulent mortgage debt reduction scheme to distressed homeowners. Read on for more details.
|
|
|
Bank seeks coverage of HOA dispute
Posted Date: Wednesday, March 4, 2020
An insured bank filed suit against its title insurer for failing to indemnify it in litigation over a homeowner’s association’s foreclosure sale. The insurer filed a motion to dismiss and motion for judgment on the pleadings. Read on for more details.
|
|
|
|
Oklahoma considers substitute title insurance bill
Posted Date: Wednesday, March 4, 2020
The Oklahoma Legislature now is considering a committee substitute to a bill amending the title insurance law. The new language would add a new section to Oklahoma Statutes Section 5009 of Title 36. Read on for more details.
|
|
|
Owner sentenced for $38 million fraud
Posted Date: Wednesday, March 4, 2020
The owner of a mortgage debt elimination company was sentenced to time in prison in connection with a $38 million scheme. She was convicted in June 2019. Read on for more details.
|
|