mortgage lender liability News

Rhode Island Bank to Pay $9M to Resolve Discriminatory Lending Allegations It Denies

A community bank in Rhode Island agreed to pay $9 million to resolve allegations that it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods, a U.S. attorney announced Wednesday. A complaint accused Washington Trust Company of failing to …

Couple’s Lawsuit Claims Black and White Bias in Home Appraisals

How much does it pay to hide the photos of your family at your home, or anything else that shows your race? If you’re Black and trying to find out how much your house is worth, one family suggests it …

QBE, SUA Agency to Offer Professional Liability Coverage to Mortgage Specialists

QBE North America has formed a program underwriting agreement with Stateside Underwriting Agency (SUA) to offer its clients who are title agents, abstractors and escrow agents professional liability insurance for primary and excess coverage. Mortgage company professional liability and mortgage …

Secure Settlements Launches Mortgage Settlement Insurance

Secure Settlements, Inc. (SSI),a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard service …

Lender Liability Waivers Key to Mortgage Refinance Deal

The reach of a government effort to help distressed homeowners refinance their mortgages could be largely determined by details on lender liability that will be announced Tuesday. The regulator for government-controlled mortgage finance firms Fannie Mae and Freddie Mac said …