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Portland woman almost loses $200K in wire transfer scam


A last-minute confirmation phone call revealed legitimate-looking emails were fake.
Author: Katherine Cook
Updated: 11:12 PM PDT July 15, 2021
PORTLAND, Ore. A Portland woman dodged a real estate wire transfer scam that nearly cost her $200,000. It s the same kind of scam impacting thousands of people every year.
My whole life still kind of is flashing in front of my eyes. That s everything I have, said Alison Boekenoogen. 
This week, Boekenoogen came within a click of losing $200,000, money she d saved for a house she was about to close on. Boekenoogen had been in close contact with her title company and realtor.
I had strict instructions how to wire the money and the very next morning I had an email chain pop up that I thought was from the escrow officer with my realtor looped in, said Boekenoogen. Neither person was real. They were both fake emails and an entire fake conversation proceeded to happen the day after ....

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Portland woman almost loses $200K in wire transfer scam

Portland woman almost loses $200K in wire transfer scam
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Refinancings lead title insurers to their best first quarter ever


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Benefitting from the still-hot refinance market, title insurers wrote nearly 45% more premiums in the first quarter this year compared with one year prior, the American Land Title Association reported.
Mortgage originations topped $1 trillion in the first quarter Fannie Mae
estimates $1.27 trillion while the Mortgage Bankers Association pegs the figure
at $1.1 trillion. Both agree that refinancings made up 71% of that total.
That led to $5.68 billion of title insurance premiums written during the period, down from approximately $6 billion in
one year ago. FFourth quarter 2020 originations were $1.34 trillion according to Fannie Mae, or $1.26 trillion by the MBA s estimates, while the first quarter last year was at $752 billion and $563 billion respectively.) ....

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