Sentences with phrase «u.s. title insurance companies»

Furthermore, title insurance is a relatively new product for many countries, and U.S. title insurance companies have only begun to establish a presence abroad in a limited selection of markets.

Lawrence Scheinert, director of the Office of Special Measures at the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), presented a new program called the Geographic Targeting Order during the REALTORS ® Legislative Meetings & Trade Expo in Washington, D.C.. It's a temporary anti-money laundering program requiring U.S. title insurance companies to report information about «covered transactions» made by what's commonly known as shell companies, Scheinert said at the Business Issues Policy Committee meeting.

The use of shell companies by criminals to make all - cash real estate purchases served as the impetus for FinCEN's Geographic Targeting Orders that require certain U.S. title insurance companies to report beneficial ownership information on legal entities used to purchase certain high - end residential real estate.

In an effort to combat money laundering in the real estate sector, the Financial Crimes Enforcement Network (FinCEN) at the Treasury Department issued a Geographic Targeting Order (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons behind companies used to pay «all cash» for high - end residential real estate in Manhattan and Miami - Dade County.

Avoid a Claim Fraud warning from a U.S. title insurance company This is a warning from a U.S. title insurance company, advising that fraudsters are impersonating the company in an attempt to get real estate lawyers to divulge bank account information.

Not exact matches

As noted above, we initiated a position in Fidelity National Financial (FNF), the largest and most profitable title insurance company in the U.S. Title insurance is a fairly concentrated market with the top four industry players controlling approximately 90 % of the matitle insurance company in the U.S. Title insurance is a fairly concentrated market with the top four industry players controlling approximately 90 % of the maTitle insurance is a fairly concentrated market with the top four industry players controlling approximately 90 % of the market.

«With nearly one quarter of all U.S. metros currently designated as improving housing markets, there is growing recognition among consumers that now is an opportune time to consider a home purchase,» adds Kurt Pfotenhauer, vice chairman at First American Title Insurance Company.

«Today's report shows that the majority of U.S. metros are experiencing strengthening house prices, employment and permitting activity, which is a much more positive picture than the one we were seeing a year ago,» observed Kurt Pfotenhauer, vice chairman of First American Title Insurance Company.

The Bureau received over 2,800 comments on the TILA - RESPA proposal during the comment period from, among others, consumer advocacy groups; national, State, and regional industry trade associations; banks; community banks; credit unions; financial companies; mortgage brokers; title insurance underwriters; title insurance agents and companies; settlement agents; escrow agents; law firms; document software companies; loan origination software companies; appraisal management companies; appraisers; State housing finance authorities, counseling associations, and intermediaries; State attorneys general; associations of State financial services regulators; State bar associations; government sponsored enterprises (GSEs); a member of the U.S. Congress; the Committee on Small Business of the U.S. House of Representatives; Federal agencies, including the staff of the Bureau of Consumer Protection, the Bureau of Economics, and the Office of Policy Planning of the Federal Trade Commission (FTC staff), and the Office of Advocacy of the Small Business Administration (SBA); and individual consumers and academics.