News By Edition

A major title insurance underwriter is suing the Treasury’s Financial Crimes Enforcement Network over its residential real estate transfer regulation and its associated reporting obligations set to take effect Dec. 1.

In a comprehensive announcement impacting multifamily mortgage loans, Fannie Mae announced new requirements for title underwriters, title agents and their commitments to borrowers.

Experts in the cybersecurity field will discuss the risks, consequences and solutions that settlement professionals should know at the upcoming 2025 National Settlement Services Summit (NS3).

The CFPB has withdrawn its notice of proposed rulemaking designed to prevent harmful information-sharing practices by data brokers.

In a public notice to all title insurers, underwriters and controlled escrow companies operating in the state, California Insurance Commissioner Ricardo Lara issued a reminder of rate setting and filing requirements.

The California Privacy Protection Agency is accepting public comments and calls for modification to its next regulation package, which includes cybersecurity audits and artificial intelligence and insurance company regulations.

An appeals court heard a case involving a retired senior who sued his mortgage lender and its title insurance subsidiary claiming the title company failed to pay his past-due property taxes on time, incurring fee increases. A lower case dismissed the case, but the appeals court reversed the dismissal of the complaint against the title company.

Congress is once again considering the Insurance Data Protection Act, which is intended to curb the subpoena and enforcement powers of the Treasury’s Federal Insurance Office.

Brian Carter, speaker and owner of Optymedia, will be a featured speaker at the National Settlement Services Summit (NS3) June 16-18 in Pittsburgh. Carter will discuss artificial intelligence (AI) in housing and leadership, and NS3 attendees will leave the presentation with concrete steps to implement AI solutions that deliver measurable results.

In an open letter to lawmakers, industry advocacy group Business Roundtable made an urgent appeal for legislation to reauthorize the Cybersecurity Information Sharing Act of 2015.

A former notary public from the Philadelphia area is facing 31 charges in relation to an elaborate real estate fraud scheme that resulted in the theft of nearly two dozen properties.

In a letter addressed to Office of Management and Budget Director Russ Vought, the American Land Title Association recommended the repeal of the Treasury Department’s “Anti-Money Laundering Regulations for Residential Real Estate Transfers” final rule.

The state of New York is suing Capital One Financial Corp., alleging charges similar to those previously brought by the Consumer Financial Protection Bureau in a lawsuit the bureau later dropped. Capital One told our sister publication Dodd Frank Update it plans to defend itself against the allegations.  

Citing stagnant funding in recent years and the crucial nature of their essential functions, federal judges are asking Congress for $9.4 billion in funding for FY 2026, a 9.3 percent increase in appropriations.

Under the provisions of a bill recently signed into law in South Carolina, insurance entities in the state will now need to abide by certain investment and capital risk analysis requirements as advised by the National Association of Insurance Commissioners.

Sergio Efrain Zamora Jr. faces multiple charges, including wire fraud, relating to an extensive real estate fraud scheme. He has appeared in federal court in McAllen, Texas and is accused of selling multiple homes without permission from owners by forging documents.