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Posted Date: Wednesday, May 7, 2025
The assignee of a mortgagee sued the mortgagee's title insurer for failure to defend the assignee in separate foreclosure action against the mortgagor brought by the property seller. The assignee appealed after a New York Supreme Court dismissed the complaint.
Court Report
Posted Date: Wednesday, May 7, 2025
A coalition of senators have introduced the Insurance Data Protection Act to the U.S. Senate with an aim to scale back the authority of the Federal Insurance Office and return more autonomy to state regulatory agencies.
Legislative Developments
Posted Date: Wednesday, May 7, 2025
The Cybersecurity and Infrastructure Security Agency is being asked by the Office of Management and Budget to cut approximately $491 million from its fiscal year 2026 operating budget as part of defense-oriented reallocation.
Cybersecurity
Posted Date: Wednesday, May 7, 2025
Federal Housing Finance Agency Director Bill Pulte has levied accusations of mortgage fraud against New York State Attorney General Letita James in a letter submitted to the Department of Justice.
Regulatory Updates
Posted Date: Wednesday, May 7, 2025
A new Colorado state senate bill on its way to the governor’s desk would require the state’s insurance commissioner to meet on a regular basis with a title insurance advisory group consisting of industry representatives.
Legislative Developments
Posted Date: Wednesday, May 7, 2025
Disasters can take many shapes and form – from inclement weather to viral outbreaks and beyond – and no business is exempt from the risk. That’s why Jaime Kosofsky, founding partner of real estate law practice Brady & Kosofsky, looks to help colleagues in the industry increase the disaster readiness of their companies.
Conference Coverage
Posted Date: Monday, May 5, 2025
In a class action lawsuit against the state of Wisconsin, residents and homeowners are seeking to recover surplus tax proceeds withheld by the state after selling foreclosed homes.
Excess Equity Watch
Posted Date: Monday, May 5, 2025
Rhode Island Attorney General Peter Neronha reached a $213,000 settlement with a national property management company, resolving allegations of deceptive and unfair housing application and screening practices.
Court Report, State AG Enforcement
Posted Date: Monday, May 5, 2025
A new house bill under review in the Ohio legislature would ratify certain requirements for joint venture title companies, including restricting the paying of commissions and allowing banks or trust companies to act as agents.
Legislative Developments
Posted Date: Monday, May 5, 2025
Following the passage of a state senate bill implementing new pre-licensing and continuing education requirements for insurance producers, the Pennsylvania Insurance Department has updated its statutes to reflect the new law.
Regulatory Updates