Title underwriter TRG inks $85M merger deal to take Doma private
If approved by shareholders and regulators, the proposed merger would result in an all-cash $85M transaction, with TRG acquiring Doma's outstanding shares at 38% premium of $6.29 per share
by Matt Carter Apr 1
Title technology provider Doma posts $124M 2023 net loss
After a 'transformational year,' CEO Max Simkoff says Doma is well positioned to help lenders take advantage of the Biden administration's push to reduce closing costs for mortgage borrowers
by Matt Carter Mar 13
Nation's biggest title insurer hit by ransomware attack, reports say
Fidelity National Financial acknowledges that a 'cybersecurity incident' disrupted the provision of title and escrow services and other technology the company provides to the real estate industry
by Matt Carter Nov 27
Doma sells off more title operations in Texas and Midwest
Deals with Capital Title of Texas and Near North Title Group follow on sale of 22 retail title locations and operations centers in California to Williston Financial Group
by Matt Carter Jul 20
Real Matters hires new chief financial officer as revenue dwindles
Executives with the Canadian real estate tech company said its US expansion plan and ambitious goals to grow its appraisal and title insurance market share are still in place
by Matt Carter Mar 17
As losses mount, Blend looks beyond mortgage for future growth
San Francisco-based cloud banking software provider has trimmed the company's payroll by nearly 800 employees and cut annual expenses by $72M
by Matt Carter Mar 16
Utah 1st state to ban long-term listing agreements enforced by lien
Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association
by Matt Carter Mar 2
Essent scooping up Finance of America's title businesses for $100M
Struggling lender's pivot to reverse mortgages creates an opportunity for big private mortgage insurer to acquire Agents National Title and Boston National Title
by Matt Carter Feb 2
Insurance industry veteran re-ups for another 3 years as Stewart CEO
Fred Eppinger who is credited with generating 'record-setting growth and success' earned $5.15M in total 2021 compensation, the company said
by Matt Carter Oct 18
Title tech provider Flueid announces $15M Series B raise
Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365M fund, Aquiline Technology Growth Fund II, back in May
by Matt Carter Oct 11
UWM can rapidly scale new loans that lack title insurance
The wholesale lender is hiring and training lawyers to generate attorney opinion letters in-house in order to meet what the company expects to be strong demand
by Matt Carter Oct 5
UWM now offering mortgages without lender's title insurance
The nation's largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs
by Matt Carter Oct 3
'Big four' title insurers take market share away from independents
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago
by Matt Carter Sep 30
Attorney title opinions could give title insurers a run for their money
SingleSource Property Solutions and Voxtur launch an alternative to title insurance that's designed with Fannie Mae and Freddie Mac's new guidelines in mind
by Matt Carter Aug 23
Doma announces more layoffs as cumulative losses top $300M
Layoffs of 561 workers will generate $70M in annual costs savings, buying time for title insurer to adapt its 'instant underwriting' technology for purchase loans
by Matt Carter Aug 19