Covius to acquire Nationwide Title Clearing

Nationwide Title Clearing, one of the country’s largest mortgage document prep companies, is to be acquired by settlement services firm Covius Holdings. Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed. In acquiring NTC, Covius is beefing up its offerings in

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Daniella Casseres to speak at HW Annual Sept. 27-28

The regulatory environment for the mortgage industry is experiencing a period of turbulence as President Biden has ushered in a new era of regulation under his administration. That’s why HousingWire invited attorney Daniella Casseres to HW Annual to discuss just what these new regulations mean for those in the housing

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DOJ probes NAR pocket listings ban

A communique that National Association of Realtors fired off Monday gives clues on what the Biden administration’s probe into the real estate trade group looks like – with one area of investigation NAR’s ban on pocket listings. The U.S. Justice Department’s antitrust division announced on July 1 that they unilaterally

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Biden nominates Alanna McCargo to be Ginnie Mae prez

Alanna McCargo, senior advisor at the Department of Housing and Urban Development, has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017. Since then, the

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Servicer call volume up as borrowers exit forbearance

After a slight lull, forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association‘s latest survey. The portfolio loans and private-label securities (PLS) category, which has remained

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Old Republic settles anti-competitive charges

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. “For years, Old Republic stifled competition in the labor market, but this agreement ends the company’s illegal

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Orchard reaches unicorn status with $100M funding round

Orchard, which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. Accomplice led the round with participation from repeat Orchard investors FirstMark, Revolution Growth, First American, Juxtapose and a syndicate of new investors. Last year, the company

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KW President Marc King on Gary Keller, social unrest

Marc King, president at KW Is Keller Williams rising or falling — or has it settled into a role of venerable franchise network in a growing ecosystem of international brokerages? The team’s executive leadership shifts give the appearance that change is afoot. Gary Keller, who founded the Austin, Texas-based company,

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FHFA’s equity plan: Too much or not enough?

The day after Labor Day, the nation’s top housing regulator announced that its regulated entities, which control half the nation’s $11 trillion housing market, would have to come up with plans to address racial equity. The Federal Housing Finance Agency’s decree came with a tight deadline for Fannie Mae and

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