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Old Republic exits mortgage insurance space

Housing Wire

Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business. “We are pleased to announce this definitive exit from the mortgage insurance business. million in Q3 2022.

Insurance 406
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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.

Brokerage 371
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American Financial Network to pay $1M fee to resolve fraud allegations

Housing Wire

million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD), and the U.S. Brea, California-based direct lender American Financial Network will pay about $1.04 Attorney’s office.

Insurance 342
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Verisk acquires behavioral tech firm Jornaya

Housing Wire

Verisk, headquartered in Jersey City, New Jersey, will add Jornaya’s proprietary technology – which tracks consumer behavior – into its suite of products geared toward insurance and financial services markets. million since its founding in 2011, according to Crunchbase. Venture-backed Jornaya has raised a total of $19.7

Insurance 453
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CoreLogic leadership change: CEO Frank Martell resigns

Housing Wire

Martell joined CoreLogic in 2011 as the company’s chief financial officer. Dodd takes over a business that defines itself as “providing information intelligence to identify and manage growth opportunities, improve business performance, and manage risk” in “real estate, mortgage finance, insurance, the capital markets, or public sector.”.

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus began teaching CE classes designed for real estate agents around 2011, as the mortgage industry was still finding ways to fully recover from the 2008 financial crisis. Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,”

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Virtual notary adoption surges as businesses rush to close transactions remotely

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Virginia became the first state to authorize remote notarization via live audio-video technology in 2011 with the passage of House Bill 2318/Senate Bill 827.

Business 473