#mortgage-escrow-account

#mortgage-escrow-account

In 2025, the FBI's Internet Crime Complaint Center logged 1,008,597 cyber-enabled crime complaints, with losses surpassing $20.8 billion, marking a 26% rise from the prior year.

NAR welcomes Judge Hunt's decision to grant a stay in the Batton case, pending final approval of class settlement, given NAR's recently announced Tuccori settlement which addresses substantially similar claims.

Payment history is the biggest factor in your score, as lenders evaluate whether you pay bills on time. Lower credit utilization signals less risk, while a longer credit history builds trust with lenders.

In the lawsuit, FNF claims that the rule, which was promulgated under the Biden administration, is arbitrary and capricious, and that the rule will cause irreparable harm. The rule requires title firms to report specific details on all-cash home purchase transactions. These include the names, addresses, dates of birth, citizenship status and ID numbers of all people involved including minors, payment details and information about trusts and entities that are purchasing the property.

In most cases, lenders will not issue a traditional mortgage for land that does not already have a home or building on it. Mortgages are designed for developed properties because houses provide immediate collateral value and are generally easier to sell if a borrower defaults.

I don't want the closers and processors to have to get into the weeds with this. I don't want there to be any negative shadowing of our title offices, because we're having to ask for this. It's really not a title role, as far as the title insurance product that we provide. It definitely has been tasked to us, but it's not something that I want to be viewed as, 'Title requires this.' This is a governmental requirement.