FNIS Launches Red Flag Service Solution
October 10 2008 | |
Fidelity recently unveiled its newest fraud mitigation and compliance solution, which was created to help financial institutions comply with the Fair and Accurate Credit Transactions Act.
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Friday Fast Facts
October 10 2008 (subscription) | |
Weekly developments in the title insurance industry (October 4 - October 10, 2008)
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Florida AG Breaks up Mortgage Fraud Ring
October 09 2008 (subscription) | |
The charges against nine Florida residents who allegedly operated a mortgage fraud ring in South Florida could result in lengthy prison terms should they be found guilty.
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ICREA, SecondSpace Form Partnership
October 09 2008 | |
The International Consortium of Real Estate Associations and SecondSpace recently formed a multi-year technology and marketing partnership to benefit their members.
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Missouri Man Receives 18 Months for Wire Fraud
October 08 2008 (subscription) | |
A U.S. district judge sentenced a resident of St. Charles, Missouri to 18 months in prison following the man's June 2008 guilty plea to one felony count of wire fraud.
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NAR Reports Upward Surge in Pending Home Sales
October 08 2008 (subscription) | |
Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors.
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Judge Sentences O'Malley to 15-Month Imprisonment
October 06 2008 (subscription) | |
U.S. District Judge David Dowd, Jr. ordered Patrick O'Malley, the former county recorder for Cuyahoga County, Ohio to 15 months in jail for materials contained on the man's computer.
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E-Closing Debuts Latest Product - E-Closing Lite
October 03 2008 | |
E-Closing unveiled E-Closing Lite, a new product that provides a complete Web-based suite of title and escrow tools designed for small title operations, attorneys and start-ups.
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House Passes $700 Billion Financial Rescue Plan
October 03 2008 (subscription) | |
The House of Representatives passed the $700 billion financial rescue plan earlier this afternoon in a vote of 263 Representatives favoring the measure and 171 opposing it.
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Ellie Mae Buys Assets of Online Documents
October 03 2008 | |
Ellie Mae recently acquired the assets of Online Documents, one of the industry’s leading providers of guaranteed compliant mortgage documents from Stewart Lender Services.
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NNA, SAIC Form Strategic Partnership
October 03 2008 | |
The National Notary Association and Science Applications International Corporation recently formed a strategic alliance that provides a solution for validating digitally signed documents.
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Friday Fast Facts
October 03 2008 (subscription) | |
Weekly developments in the title insurance industry (September 27 - October 3, 2008)
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Ohio Association Sues Department of Insurance
October 03 2008 (subscription) | |
The Ohio Association of Independent Title Agents filed a lawsuit with the Ohio Supreme Court against Mary Jo Hudson, the director of the Ohio Department of Insurance. The suit claims that the director and her department have failed to enforce currently existing rules prohibiting banks, Realtors and mortgage brokers and their subsidiaries, also known as controlled business arrangements, from engaging in the business of title insurance. The association seeks to prevent the spread of kickbacks and referral schemes in the real estate industry by asking the Ohio Supreme Court to compel Hudson's office to comply with current laws.
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Mortgage Rates Rise as Credit Crunch Intensifies
October 02 2008 | |
Bankrate.com reported that mortgage rates increased for the third consecutive week with the average 30-year fixed mortgage rate rising to 6.41 percent as the market continued to look bleak.
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WA Insurance Commissioner, Stewart Title Reach Settlement
October 01 2008 (subscription) | |
Mike Kreidler reached a settlement with Stewart Title of Snohomish County for $400,000. Initially, his office brought a $2 million fine against the firm for allegedly giving illegal gifts and incentives.
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United Title Rebrands Itself LandAmerica Title
October 01 2008 | |
In an effort to unify its businesses under the same name, United Title Company, a subsidiary of LandAmerica Financial Group, is now conducting business as LandAmerica Title Company.
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