UBS AG (UBS) is reportedly in settlement talks with the U.S. Securities Exchange Commission to settle allegations that the bank defrauded investors in a mortgage bond deal that soured during the financial crisis.
The SEC’s investigation focuses on the sale of more than $748 million in notes tied to a collateralized debt obligation the bank created in 2007.
As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s Market Share Analysis, released Tuesday. […]
