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Remodeling Market Poised for Growth as the Age of Owner-Occupied Homes Increases
“The aging housing stock continues to drive remodeling projects as home owners are increasingly choosing to tap into their home equity and invest in improvements rather than relocate, creating long-term growth prospects for the industry,” said NAHB Remodelers Chair Nicole Goolsby Morrison, a remodeler from Raleigh, N.C. “In fact, NAHB is forecasting residential remodeling activity to post a 5% gain in 2025, and a nominal gain of 3% in 2026.”
Stewart Title Insurance Company Merges with Stewart Title Guaranty Company in New York
“Operating as STGC in New York will allow us to better serve our New York customers by accessing all of our underwriting power and increased financial stability,” said Stewart CEO Fred Eppinger. “Stewart is a trusted underwriting name in New York, and this merger will allow us to leverage the full strength of our combined financial balance sheet, enabling us to more effectively and efficiently underwrite transactions of all sizes, including significantly larger and more complex transactions.”
Pending Home Sales Jumped 6.1% in March
"Home buyers are acutely sensitive to even minor fluctuations in mortgage rates," said NAR Chief Economist Lawrence Yun. "While contract signings are not a guarantee of eventual closings, the solid rise in pending home sales implies a sizable build-up of potential home buyers, fueled by ongoing job growth."
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates were little changed last week with the 30-year fixed rate at 6.89 percent. Mortgage application activity, particularly for home purchases, continues to be subdued by broader economic uncertainty and signs of labor market weakness, dropping to the slowest pace since February,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Even with the spring homebuying season underway, purchase applications decreased, as conventional and VA applications saw declines of 6 percent and 4 percent, respectively."
Q1 GDP Commentary from MBA's Mike Fratantoni
"Economic growth went negative in the first quarter as businesses rushed to import goods before tariffs went into effect. In addition to the pullback in activity, the inflation metrics increased relative to the prior quarter, so both growth and inflation were headed in the wrong direction."
Title Resources Group Welcomes New Executive
"We are thrilled to welcome Juliann to our leadership team to grow and nurture key areas of our Southeast customer base," said Title Resources Group Chief Executive Officer Scott McCall. "She is a top-caliber, legal and business executive, acclaimed for delivering high-impact strategic growth opportunities for her clients."
Texas title company employee sent to prison for orchestrating $350,000 real estate wire fraud scheme
A 55-year-old McAllen, Texas, resident has been ordered to prison for conspiracy to commit wire fraud, announced U.S. Attorney Nicholas J. Ganjei. Mayela Saby Cantu pleaded guilty Dec. 20, 2024. Chief U.S. District Judge Randy Crane has ordered Cantu to serve 24 months in federal prison to be immediately followed by three years of supervised release. She was also ordered to pay $350,000 in restitution.
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Philly notary public charged with forging documents to steal deeds of more than 20 city homes
A woman working as a notary public in Philadelphia is charged with committing deed fraud to steal more than 20 city homes from their owners during the past eight years, District Attorney Larry Krasner said Wednesday afternoon. Gwendolyn Schell, 67, of Germantown, is accused of forging signatures on documents to illegally transfer the deeds of properties in various parts of the city beginning in 2017.

Ohio woman wins back home after quitclaim deed scam while battling cancer
"I saw the deed, like I didn't sign this. I didn't do that document," Mobley said. The quitclaim deed, which does not require money to change hands or a title search to be completed to verify the owner of the property, had been filed with what Mobley says was a forged signature and a fake notary stamp and signature. The deed also omitted her marital status - a red flag authorities should have caught.

Appeals court temporarily bars mass firings at CFPB
The U.S. Circuit Court of Appeals for the District of Columbia has upheld a temporary injunction issued by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia prohibiting the CFPB from firing more than 1,400 employees, leaving only about 200 employees at the agency.

In-House Lawyer Claims Title Insurer Axed Him Over Pro Bono Help
Clayton Jackson said he thought he was just giving some pro bono advice to neighbors who worried that they may be deported. Yet after the former Big Law litigator talked publicly about the incident-and how the Trump administration's crackdown might affect some of his company's clients-he wound up getting fired by title insurer Fidelity National Financial Inc.

Family buys house in Morton Grove, Illinois, only to be stymied by seller's code violations
Hovey and her husband were paying for a mortgage, rent and a litigation attorney - who apparently told her she should have been protected. "[We were told], 'The title company should've protected you, your attorney should've protected you, the seller's attorney should've done this, the seller should've done that,'" Hovey said. "So it seems like there is enough blame to go around for all of the other parties in this, and we're just kind of like a family caught in the crossfire."

State regulators pull license of title company connected to ABC Capital
One of the title companies that handled ABC Capital's disastrous sale of hundreds of homes in distressed Baltimore neighborhoods to foreign buyers has been stripped of its license. The move by the state's insurance regulators against Masters Title is the latest fallout since The Baltimore Banner exposed how ABC Capital marketed more than 1,000 homes to buyers in foreign countries and, in many cases, failed to deliver on promised renovations and tenants, compounding problems in Baltimore's already-distressed neighborhoods.


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