Items Tagged with 'Texas'

ARTICLES

  • Amrock ordered to pay $740 million to HouseCanary for trade secret theft

    Texas judge hands down largest judgment in U.S. this year
    A Texas judge last week ordered Amrock, the title insurance, settlement services and valuations provider formerly known as Title Source, to pay just shy of $740 million to HouseCanary after denying Amrock’s request to vacate a jury’s earlier decision in a trade secret theft battle that rocked the housing industry.
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  • Texas Real Estate Commission, Appraiser Board accused of ignoring customer service “crisis”

    Government watchdog says licensing agencies are hoarding money
    The Texas Sunset Commission, a state government watchdog agency, said in a report published this month that the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board are keeping excess revenue in their coffers to pay for a new building rather than using the money to deal with customer service problems that are “overwhelming” the agencies.
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  • Greater Austin should keep getting great property values into 2019

    Appreciation for the Heart of Texas
    [Expert Commentary] For some time, the Austin area has also been able to lay claim to an upward trending economy that currently includes projected real estate appreciation of 5.4% over the next year. With a current supply of homes that has been inching up, and now stands at 3.3 months, the rapidly growing metro area is certainly likely to keep the Lone Star state popular with lenders.
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  • WSJ: Coastal Texas towns weigh pros and cons of mandatory storm proofing

    Some considering implementing building requirements to bring insurers back
    In the wake of Harvey, Texas coastal towns are weighing the pros and cons of adopting insurance industry-approved building requirements. Lack of available insurance options, cost of building and the potential for increased storm frequency all factor into the decision making process for these municipalities.
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  • Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments

    Police in Southlake issue warning about imposters
    Police in Southlake, Texas, a suburb of the Dallas/Ft. Worth Metroplex and the fourth wealthiest city in the U.S., issued a warning this week about scammers who are hacking into the email accounts of real estate professionals and then pose as title company employees in order to steal a homebuyer’s down payment. And in Southlake, the down payments can be quite high.
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  • Amrock ordered to pay $706 million for stealing trade secrets from HouseCanary

    Texas jury rules that Quicken Loans affiliate misappropriated HouseCanary data
    Amrock, the title insurance, settlement services, and valuations provider formerly known as Title Source, “willfully and maliciously” stole trade secrets from HouseCanary and must pay more than $706 million for the theft, a Texas jury ruled recently. Amrock calls the jury's decision “unconscionable” and promises to fight it.
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  • Flat-fee real estate company Home Bay expands to Texas

    Now available in five states
    In July, Home Bay, a San Diego-based startup that offers real estate services for a flat fee, announced that it raised $5 million to fund its expansion beyond California. Since then, Home Bay has expanded to Florida, Illinois, and Georgia. And now, Home Bay is available in Texas as well.
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  • Better Mortgage launches in Texas

    Online mortgage lender adds Texas as 14th market
    Consumers in the Lone Star State can now turn to online lender Better Mortgage for their mortgage needs. The company expanded its base throughout 2017, most recently expanding to Florida in August. Texas is the company’s 14th market.
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