Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. Whether you’re a first-time homebuyer or […]
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>> See Past News Editions >> Click to Print >> RE Agent / Broker E&O Insurance >> Am I a Working RE Subscriber? Editor’s Note: Ever wonder about the legal precedents that underlie modern day disclosure and due diligence practices of real estate agents/brokers? Read on to learn more about a landmark litigation case that […]
The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006. The market was growing; it was exciting; companies were fighting to increase market share; hope for the future was high. But that wasn’t the only acquisition Perkins had seen during her 17-year career. During her second acquisition in […]
In December, AmTrust Title Insurance Company announced the hiring of seasoned underwriter Mary Shelley as its midwest region agency underwriter. We took the opportunity to talk to Shelley, who has 35 years experience in the field, about the challenges underwriters have faced during this pandemic period. “The COVID-19 pandemic resulted in a lack of access […]
As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79%, a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. Economists across the housing […]
2020 came, and with it COVID-19. Five weeks into the crisis, demand in the U.S. housing market bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June. The housing bubble boys had those five glorious weeks when it finally looked like the market […]
President-elect Joe Biden announced several appointments Monday, including FTC Commissioner Rohit Chopra to head the Consumer Financial Protection Bureau. Chopra is a CFPB veteran, having previously served as assistant director, where he was the bureau’s top student loan watchdog. In 2011, the Secretary of the Treasury appointed him to serve as the CFPB’s student loan […]
The nominees, strongly backed by progressive Democrats to lead two key Wall Street watchdogs, signal that the Biden administration is planning tough oversight after four years of light-touch policies under appointees of President Donald Trump. Source: American Banker
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down. Source: American Banker
Weeks away from succeeding Michael Corbat, Jane Fraser said she’d consider streamlining some units or divesting others as part of her effort to kick-start return on equity. Source: American Banker
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