Heya’s, the text issue is a major problem causing me hours a week. Not only do you lose the text every time you reopen FCPX it re-renders the new wrong text… and for all the background rendering…If I try to do anything while it is rendering I get beach balls and more often than not a closed program.
As for the Four Corners Text the color doesn’t appear to be bug related as I had the same problem. What you need to do is go to the Title section a check Use Face Color. That will allow you to use what ever color you selected. You can also turn off build out or build in so you can create a fade.