Airbnb sues New York City over new host data law
Airbnb is suing New York City over a recently passed law that forces the company to reveal hosts’ data, saying this law violates users privacy rights. New York recently passed new legislation that is designed to target illegal short-term rental activity but is slated to slash Airbnb’s New York booking revenue in half. But now the short-term rental company is fighting back.
This southern MSA's property values keep rising
This southern city is predicted to see a 7.6% rate of real estate appreciation over the next year and is ranked 39th out of 354 MSAs analyzed in Veros’ latest VeroFORECAST. Where is it? Read more to find out.
Fannie, Freddie remind servicers of options as Hawaiian hurricane approaches
Hurricane Lane is set to make landfall over the weekend and Fannie Mae and Freddie Mac are reminding servicers of their options in the wake of the upcoming storm. As the storm moves closer, the GSEs explained homeowners affected by it could receive forbearance for up to one year.
Ukrainian man jailed for selling hacked financial information that led to million loss
A Ukrainian man will spend the next six years in a U.S. prison after being convicted of trafficking in stolen financial information, including more than 60,000 credit card numbers and online banking logins. The stolen and trafficked personal information led to an estimated loss of $31 million from the victims’ online banking accounts and credit cards.
T-Mobile hit by data breach, 2 million customers affected
T-Mobile announced this week it has experienced a data breach that exposed the personal information of two million of its customers to hackers. In a note to customers, the company said that the information exposed did not include personal financial data, such as credit card information, or sensitive personal information like Social Security numbers and passwords.
California approves first “insurtech” title company
California recently approved what is being described as the first insurtech title company licensed and based in the state. Read on for more details about the new company.
Georgia startup launches document-retrieval service
An Athens, Ga.-based company has introduced a service designed to eliminate the need for title companies and other real estate professionals to go to courthouses to retrieve offline documents. Read on for more details about the retrieval service.
Qualia integrates NATIC
North American Title Insurance Co. (NATIC) has fully integrated with Qualia’s title, escrow and closing software platform and named Qualia to the company’s AgentMarketplace program. Read on for more details about the integration.
Title Alliance appoints HR director
Title Alliance, Ltd. has appointed a director of human resources. Read on for more details.
Ellie: Closing rate held steady in July
The closing percentages of purchase loans in June and July are the highest since Ellie Mae began tracking the data in 2011. Read on for more details from Ellie Mae’s latest report.