Former Texas title employee sentenced for $350K wire fraud scheme
Mayela Saby Cantu participated in a scheme using falsified lien payoff statements, fraudulent warranty deeds and deceptive emails.
Title insurance
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Severance on the high seas: First American CEO to receive fat payout following cruise ship assault charge
Ken DeGiorgio, former CEO of First American Financial Corp., will reportedly collect a hefty payout following his termination.
Closing costs for the typical home purchase now top $4,600
Closing costs ranged widely across the country, from as low as 0.46% of a home’s sale price in South Dakota to as high as 2.99% in Delaware.
La Rosa Holdings launches commission advance program
The program, operated through a newly formed subsidiary, allows La Rosa agents to receive early payment on pending real estate commissions.
California Best Title to pay $150K in incentives settlement
State investigators found that marketing representatives Jonathan Golden and Joshua Meador provided incentives to real estate agents to steer business to the company — a practice known as illegal inducement.
Fannie Mae’s title waiver pilot program, one year later
The future of Fannie Mae’s title insurance waiver pilot remains uncertain under new federal leadership, despite cost savings for borrowers.
Fidelity National Financial chairman faces opposition at investment firm
Cannae Holdings Inc., the investment firm led by Fidelity National Financial (FNF) founder and Chairman William Foley II, is facing accusations of poor governance and a lack of strategic focus from activist investor Carronade Capital Management.
Advocus National Title starts virtual closing platform in Chicago
Advocus has launched a virtual closing system, initially available in Chicago, that is designed to streamline real estate transactions.
Advocus National Title now providing 1031 exchange services
Advocus National Title Insurance Co. has launched a new 1031 exchange service, allowing real estate investors to defer capital gains taxes when selling and reinvesting in like-kind properties.
New York moves to allow title insurance for state land deals
New York may soon allow title insurance for state land purchases, a shift that could streamline conservation efforts and resolve longstanding property disputes.