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Why title insurance is essential to the U.S. system of property rights

Housing Wire

These may be mortgages , tax liens, HOA liens, child support judgments, etc. Critical role of title insurance Thats where the story of title insurance begins. Title insurance policies solve these problems by protecting buyers against legal challenges to their ownership.

Insurance 418
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Legal League: Paving the Path for Servicing Professionals

Appraisal Buzz

Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. Hladik serves as Chair of Legal League , and is a Partner at Hladik, Onorato & Federman LLP. Q: What were some of the key accomplishments of Legal League in 2024?

Legal 221
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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

It also operates outside of the regulatory purview of other home-equity tapping products, including the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage ( HECM ). But HECM loans are insured and regulated by the FHA, and they are only available for homeowners who are at least 62 years old.

Contracts 370
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California wildfire victims could have up to 12 months of mortgage forbearance

Housing Wire

Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible, she said in a statement.

Mortgage 397
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Rocket Mortgage wins $10 million dismissal in 2012 lawsuit

Housing Wire

Rocket Mortgage scored a big win this week after the Fourth Circuit on Thursday vacated a $10 million judgment in a class action over a decade old. Rocket Mortgage has faced other legal activity over the last year. The latest ruling from the U.S

Mortgage 370
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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

Mortgage 418
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Credit bureaus will push to scale back mortgage trigger leads bill

Housing Wire

The passage of the mortgage trigger lead bill as proposed in the U.S. The amendment addresses mortgage trigger leads , which occur when a potential borrower’s credit score is pulled for a new home loan application and credit bureaus sell the data to other companies interested in reaching the customer. included U.S.

Mortgage 397