Ginnie Mae issued All Participant Memorandum (APM) 21-07, permitting the use of electronic signatures and remote online notarization for loan modifications on paper mortgages.

The Wyoming Department of Insurance issued a bulletin warning of a fraud scam targeting insurance licensees.

The Texas Department of Insurance named a new associate commissioner for the Customer Operations Division.

At a previous employer, an attorney was involved in a transaction where the seller was hacked and the seller’s proceeds were wired to a fraudulent account. The sellers filed suit and a complaint with the Maryland Insurance Administration (MIA). The suit was settled but the MIA complaint went forward and the attorney, and his previous employer were ordered to make an additional payment to the seller. The attorney started his own title agency, but claimed his company’s producer license was held up because the previous employer did not make the payment. The case eventually went to the Court of Special Appeals of Maryland.

The Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency approved a final rule to improve the sharing of information about cyber incidents that may affect the U.S. banking system. It requires banking organizations to notify their primary federal regulator of any significant computer-security incident within 36 hours of discovering the incident.

The Washington Office of the Insurance Commissioner adopted a rule requiring title agents to submit proof of ownership or leasing rights to the tract indexes for the counties they apply to operate in on the initial declaration of title insurance agent form. It also will require title agents to report any expansions of business into additional counties.

When the lender issued a loan to purchase certain property in California, it was aware of assessments by the Rosamond Community Services District 1993-1 (RCSD), but ordered that all taxes be paid. The assessments were not and the RCSD eventually notified the lender of the assessments and its desire to take action to collect on them. The lender sought coverage from the title insurer, which denied coverage. The lender then filed suit against the title insurer.

The Alaska Division of Insurance issued Bulletin B 21-07, regarding changes in licensing processes and fees. It stated this is part of a continuing effort to update requirements that bring Alaska into greater conformity with national licensing standards and streamline processes to be more efficient.

A former Realtor and longtime fugitive was sentenced to 48 months in federal prison for scheming to defraud distressed homeowners out of nearly $4 million by falsely promising them help with their mortgages, but instead pocketing their money, causing many victims to lose their homes.