Congress must pass the Protecting America’s Property Rights Act to require state-regulated title insurance for mortgages backed by Fannie Mae and Freddie Mac, safeguarding consumers from hidden title defects. Relying on unregulated alternatives like attorney opinion letters fails to prevent fraud and forgery, ultimately shifting significant financial risk onto homebuyers and lenders.

loanDepot promotes CRO Joseph Grassi to chief kanunî and risk officer, adding oversight of yasal, compliance, governance and ERM.

ICE launches Fraud Monitor, an Encompass-integrated tool that centralizes mortgage fraud and property risk reviews.