A call to eliminate the APR
The annual percentage rate ("APR") is intended to represent the total cost a borrower could pay in a year for borrowing money. The purpose of the APR disclosure is to serve as a basis for choosing between similar financial products, such as multiple credit card or auto loan offers. However, the APR does not work for all types of financial products, especially certain business finance products.
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Three Powerhouse Women to be Nominated to Doma Board; Expects to Add Facebook's Chief Diversity Officer, Public Company CFO, and
Doma, a leading force for disruptive change in the real estate industry, today announced that Sharda Cherwoo, Maxine Williams, and Serena Wolfe will be nominated to its Board of Directors in connection with the closing of its previously announced business combination, marking an important step in diversifying the leadership that is guiding Doma through sustained and accelerating growth.
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Arrests Made in Coconut Grove Vacant Lot Fraud Scheme
Law enforcement officers in South Florida have arrested three people accused of running a scam to sell at least one vacant lot they didn't own. The deed appeared to be signed by notary Mohamed Chraibi, who told NBC 6 he is also a victim of identity theft and is cooperating with Miami PD detectives. Chraibi said his signature on the deed is a forgery along with an incorrect notary stamp.
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Lanco Title joins Northwest Title family of companies
Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together.
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First American Financial Pays Farcical $500K Fine
In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. [NYSE:FAF] was leaking more than 800 million documents - many containing sensitive financial data - related to real estate transactions dating back 16 years. This week, the U.S. Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000.
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California Notaries Oppose Use of Remote Technology
The CLIN is arguing that the bill is already obsolete now that the US is starting to reopen. It also objected to the content of the bill itself, essentially suggesting that the country should never switch to an online notarization system. It is therefore asking federal lawmakers to abandon the proposal, and to refrain from considering any similar legislation at any point in the future.
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How An Ex-Semipro Poker Player Bet Big And Won The $4.3 Trillion Mortgage Market
Thanks in no small part to Blend, the mortgage application, underwriting and closing process-once a weeks- or months-long slog of paperwork, emails, faxes and phone calls-can now be done almost entirely digitally. Blend saves an average of 7.3 days and $520 in operational costs per loan and allows a typical banker to close 14 mortgages a month.
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