Fed keeps interest rates near zero, saying the recovery will depend on the pandemic
The Federal Reserve left interest rates unchanged near zero in its monetary policy update Wednesday, and it once again reiterated that the economic recovery will depend on the path of the virus.
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JetClosing raises $8.5M as pandemic highlights demand for digital title and escrow service
JetClosing uses machine learning, serverless computing, and other technology to digitize the closing process. Its competitors - incumbent title and escrow services - can do the same job, but JetClosing does it faster, cheaper, on mobile, and with more transparency, according to the company.
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Expetitle, a digital title company, completes an $850,000 fundraising round
Expetitle, a digital title company and a leader in remote real estate closings, announced today it has completed a $850,000 fundraising round. The investment brings Expetitle's total funding to over $1 million and will help the company aggressively expand its sales and marketing efforts, as well as to continue to develop additional product functionality.
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Alliant National Title CEO claims private equity firm tried to force him out of company
Bob Grubb, the CEO of Alliant National Title Insurance Co., claims a private equity firm forced him out of the company's leadership role last year and delayed negotiations to prevent him from getting a lucrative severance package.
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Brevard woman sentenced for selling fake title insurance policies
U.S. District Judge Martin Reidinger sentenced Ginger Lynn Cunningham, 39, formerly of Hendersonville and currently residing in Brevard, to 14 months in prison for selling fake title insurance policies, announced Andrew Murray, U.S. attorney for the Western District of North Carolina.
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Fed Policy Has Kept Mortgage Rates Low. It's Also Driving Up Home Prices
As the Federal Open Market Committee (FOMC) prepares to meet this week, mortgage borrowers are facing some of the lowest interest rates in history. The housing market is heating up-driving home prices higher-after a slow spring season. And refinance activity has exploded, up 122% year-over-year in mid-July.
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The Battle for CoreLogic Is Heating Up
Potential deal activity was welcomed by investors, with shares swiftly climbing above the offering price, and recently trading just above $67. But CoreLogic rebuffed the offer, saying that it "significantly undervalues" the company.
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