Bank of America announces Closing Disclosure plans
Bank of America became the second national lender to announce its plans for the new Closing Disclosure forms in 2015. Read on for the details.
Beware of year-end cyber theft
Fraud Watch, Industry News, Technology
A new article by eDiscovery firm Secure Discovery LLC is warning companies about the traditional end-of-the-year spike in corporate cyber theft, as some employees who are poised to start a new job in January with a competitor attempt to take confidential information along with them. Keep reading to learn more.
First American’s John Hollenbeck discusses new disclosure forms
First American Executive Vice President John Hollenbeck spoke with The Title Report about the new Closing Disclosure forms and how First American is preparing for this change.
New Jersey fraudster sentenced for mutli-million dollar scheme
A Lakewood, N.J., man was sentenced to one year and one day in prison for his part in a real estate investment fraud scheme that defrauded investors of more than $1 million. Keep reading to learn more.
Loan modification ringleader sentenced
The FHA All Day.com organizer and operator was sentenced to 132 months in prison and to pay almost $6 million in restitution for his role in a scheme to collect advance fees from distressed homeowners, purportedly in exchange for obtaining loan modifications which never were provided. Keep reading to learn more.
Developing Story: Wells Fargo addresses Closing Disclosure questions
Wells Fargo is addressing questions from title agents and other settlement services professionals about their plans for the Closing Disclosure, after the lender announced in September that it would deliver the Closing Disclosure to borrowers when the rules new take effect Aug. 1, 2015.