by Donna Moyer | Jul 17, 2019 | Hot Topics
July 16, 2019 Losses due to business email compromise schemes increased to $301 million per month, according to the latest report from the Financial Crimes Enforcement Network (FinCEN). This is increase from $110 million per month in 2016. FinCEN reported that...
by Donna Moyer | Jul 10, 2019 | Hot Topics
Demotech, Inc. recently affirmed the financial stability ratings (FSR) of A, Exceptional, assigned to both Agents National Title Insurance Co. (ANTIC) and Security Title Guarantee Corp. of Baltimore. Demotech said ANTIC’s and Security Title’s FSR level are “assigned...
by Donna Moyer | Jul 9, 2019 | Hot Topics
The year has so far been a promising one for would-be home buyers. The seemingly unending rise in home prices started to slow and mortgage rates dipped to unexpected lows. Both were good news for Millennials who—despite the never-settle-down stereotype—are yearning...
by Donna Moyer | Jul 8, 2019 | Hot Topics
ALTA has learned that title and settlement company usernames and passwords have been allegedly acquired using a phishing campaign. A person claiming to be an ethical hacker contacted ALTA via Twitter and provided files that contain approximately 600 data entries...
by Donna Moyer | Jul 8, 2019 | Hot Topics
In 2018, the U.S. Treasury offered several recommendations to improve the electronic closing and recording process. Among them, the Treasury said that recording jurisdictions that don’t recognize and accept electronic records should implement the necessary technology...
by Donna Moyer | Jul 8, 2019 | Hot Topics
In 2018, there were at least 11,300 victims of real estate wire fraud who lost a total of nearly $150 million. According to the FBI, this number is even higher because only a small percentage of all wire fraud incidents is reported. While the title industry continues...
