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Arizona Supreme Court considers title liability in failed condo project

Posted Date: Sunday, June 15, 2025

Following years of arbitration between a bankrupt bank, a homebuilder and title insurance providers, the Arizona Supreme Court weighed in on whether insurance companies were liable for foreclosed property if loans had been repaid.

Court Report

Industry leaders take the stage at NS3 in Pittsburgh

Posted Date: Sunday, June 15, 2025

More than 40 speakers will take the stage over three days this week at the 21st National Settlement Services Summit (NS3) at The Westin Pittsburgh in Pittsburgh, Pa. Over 600 attendees will hear from them during 18 sessions.

Conference Coverage

New York looks to strengthen state, city’s consumer financial protections

Posted Date: Sunday, June 15, 2025

Citing the tenuous state of the federal Consumer Financial Protection Bureau, the office of the New York City Comptroller recommended a series of state and local actions to fill the regulatory gap, increase banking access and uphold consumer rights.

Regulatory Updates

Senators press FHFA head on plans to end GSE conservatorship

Posted Date: Sunday, June 15, 2025

President Donald Trump has vowed to end the conservatorship of Fannie Mae and Freddie Mac, drawing concerns and criticism from some lawmakers about the lack of details about how the administration plans on doing so and the potential impact to the mortgage market and the broader financial system.

Industry News

Homebuilder in Texas pleads guilty to real estate fraud scheme

Posted Date: Sunday, June 15, 2025

Admitting that he took part in a scheme that used false warranty deeds to defraud lenders and real estate clients, a Texas homebuilder has pleaded guilty to conspiracy to commit wire fraud in federal court.

The Blotter

Former title company president pleads guilty to wire fraud

Posted Date: Sunday, June 15, 2025

The former president of a Pennsylvania closing services company has entered a guilty plea to fraud charges stemming from an attempt to defraud an underwriter and for participating in a fraudulent Economic Injury Disaster Loan application scheme.

The Blotter

Senators make bipartisan call on Treasury to revise BOI final rule

Posted Date: Wednesday, June 11, 2025

Calling attention to the Corporate Transparency Act’s limited scope of reporting for beneficial ownership information that now only applies to foreign entities, two U.S. Senators have urged the Department of the Treasury for a revision.

Regulatory Updates

Texas legislature passes comprehensive AI governance bill

Posted Date: Wednesday, June 11, 2025

A bill on its way to the desk of the Texas governor, known as the Texas Responsible Artificial Intelligence Governance Act, would require disclosures regarding the development and deployment of AI technology across various use cases.

Legislative Developments

State AGs pressure CFPB to release $4.2 million in redress funds

Posted Date: Wednesday, June 11, 2025

A coalition of state attorneys general has called on the Consumer Financial Protection Bureau to quickly distribute $4.2 million in delayed redress payments to victims of a shuttered sales training firm’s deceptive marketing practices and illegal debt collection methods.

State AG Enforcement

ALTA names new CEO, replacing Diane Tomb

Posted Date: Wednesday, June 11, 2025

The American Land Title Association announced June 10 that Chris Morton has been named CEO, effective immediately. Morton succeeds Diane Tomb, who served as CEO for the past six years.

Industry News
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