State lawmakers in New York have introduced legislation that would block mortgage lenders from receiving title insurance payouts when real estate transactions are later found to be based on stolen deeds.
S.B. 7732 was introduced May 2 and seeks to prohibit title insurers from compensating lenders for losses tied to transactions deemed “false or fraudulent.”
Federal prosecutors have expanded their case against the Alexander brothers.
In a superseding indictment filed Thursday in a Manhattan federal court, prosecutors added six more charges against one or more of the brothers. The charges are related to sex trafficking involving four additional women, including one minor. The federal case now includes a total of nine charges of sexual trafficking involving six women.
The founder of Warburg Realty Frederick Warburg Peters is joining Brown Harris Stevens. The New York-based firm announced Peters’ move on Thursday.
Peters founded Warburg Realty in 1991 before selling it to Coldwell Banker in 2021.
Stewart Title Insurance Co. has merged with its affiliate Stewart Title Guaranty Co. and will now operate in New York under the latter’s name.
Company leaders said the internal consolidation is intended to unify Stewart’s operations under a single underwriting entity in New York — with the goal of enhancing underwriting capacity and financial backing for transactions in the state.