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The Title Report is the title insurance industry’s premier source of market intelligence on issues that matter to today’s title agent and settlement services professional. It provides up-to-the-minute, nationwide reporting on title insurance, settlement services, e-commerce and title technology, real estate market trends, fraud reports, ratings actions and earnings reports, mergers and acquisitions, niche markets, competitive business strategies and regulatory and legislative updates.


 

 

First American Title launches TRID Tool Kit for title agentsOpen in a New Window

First American launched its TILA-RESPA Integrated Disclosure Tool Kit for its affiliated agents. It provides a three-step roadmap to help agents prepare for implementation. Keep reading to learn more. 

 

Purcell: Cybersecurity efforts can be tricky to navigateOpen in a New Window

As Congress is looking into efforts to address cybersecurity issues, Corporate Privacy Group CEO Richard Purcell told The Title Report any regulations need to be carefully considered. Read on to find out some of the potential stumbling blocks in creating cybersecurity protections.

 

Black Knight launches IPO as trading beginsOpen in a New Window

Black Knight’s IPO began May 20 as its shares started trading on the New York Stock Exchange. The net proceeds will used to repay a portion of the company’s outstanding debt. Keep reading to learn more.

 

Stewart Title adds partner for email encryptionOpen in a New Window

Stewart Title has partnered with an email encryption provider to comply with the latest industry regulations. CEO Matt Morris said protecting NPI is essential in today’s business environment. Keep reading to learn more. 

 

Alliant promotes Southwest Region agency managerOpen in a New Window

Alliant National Title Insurance Co. named a new Southwest Region agency manager. He now will be responsible for all agency operations across Texas, New Mexico, Oklahoma, Arkansas and Louisiana. Read on to learn more. 

 

North American Title Group adds regulatory expertOpen in a New Window

North American Title Group added a new associate regulatory counsel to focus on ALTA Best Practices documentation and obtaining independent certification. She will be working with General Counsel Jeff Howeth in the legal department. Keep reading to learn more. 

 

NS3 Preview: Panel to discuss TRID compliance as Aug. 1 approachesOpen in a New Window

Harry Gardner, vice president of eStrategies at Ellie Mae, will discuss how settlement agents and their partners can comply with the changing TILA-RESPA Integrated Disclosure rule at the National Settlement Services Summit (NS3) June 10 in Atlanta. Keep reading to learn more about what Gardner and his fellow panel members will be touching on in the run up to Aug. 1 

 

Realogy reports earnings for first quarterOpen in a New Window

Realogy, a provider of real estate brokerage, relocation and title and settlement services, released its earnings report for the first quarter. The company reported revenue of $1.1 billion, a 5 percent increase year-over-year. Read on to learn how its Title Resource Group performed in the quarter.

 

Attracting business to affiliated title companiesOpen in a New Window

Long and Foster Settlement Services President Mike Maddiex and Howard Hanna Mortgage Services President Mark Steele spoke at the RESPRO 2015 Annual Conference, attended by October Research, LLC. Their presentation, “If You Build It, Will They Come? How To Increase Your Mortgage Capture Rate” addressed how affiliated title insurance agencies can grow their business. Read on to learn more. 

 

Financial Services Committee hears business issues with TRIDOpen in a New Window

Concerns over process and forms is only part of the atmosphere surrounding preparations for the TILA-RESPA Integrated Disclosure rule implementation Aug. 1. Changing the way mortgage loans and closings are conducted brings a new set of responsibilities and business concerns. Read on to find out what panelists shared with the House Financial Services Committee about some of those concerns.

 

Global Title Alliance opens in Miami BeachOpen in a New Window

Title Alliance has grown its Florida footprint by opening its latest operation, Global Title Alliance in Miami Beach, Fla. This is the 21st entity with Keller Williams Market Centers. Keep reading to learn more.

 

Investors interest in flipping lessening, says Auction.comOpen in a New Window

According to Auction.com’s April 2015 Real Estate Investor Activity Report, investors continued to be interested in flipping properties over a hold-to-rent strategy, but that preference may be lessening. EVP Rick Sharga said it will be interesting to see if this trend will lead to a boom in home purchases stimulated by lower energy prices across the country. Keep reading to learn more. 

 

Fairfax County now eRecordingOpen in a New Window

Fairfax County has joined 17 other Virginia counties in eRecording documents. Clerk of the Circuit Court John Frey said this is a huge win for the county. Keep reading to learn more. 

 

SoftPro adds eRecording partner to exchange platformOpen in a New Window

The SoftPro 360 exchange platform has grown to include an eRecording partner. Users now can place orders for eRecording services offered through the partner. Read to learn more.

 

Looking forward on federal financial data breach standardsOpen in a New Window

A panel of industry experts addressed a recent House Financial Services Committee meeting to offer their suggestions on crafting federal standards for financial data breaches. The panel of business and consumer advocates found much common ground in their suggestions. Read on for a look at how federal standards might be shaped.

 

Stewart agencies go exclusive with RynohLiveOpen in a New Window

Stewart and Segin Systems, owner of RynohLive announced a partnership to promote RynohLive to Stewart agents. Read on to learn more.

 

Loan originations up 17 percent in Q1Open in a New Window

U.S. residential loan originations increased 17 percent in the first quarter of 2015 from a year ago despite a 6 percent drop from the previous quarter according to RealtyTrac. Refinance originations represented 67.8 percent of title loan origination dollar volume. Keep reading to learn more. 

 

Thomas Title launches affiliate in Latin AmericaOpen in a New Window

Arizona-based Thomas Title has formed a joint partnership with Connell and Associates to provide American-style escrow services in Mexico. President and CEO Frank Busch told The Title Report he’s always had a strong connection to Latin America and thought he could help fill that niche. Keep reading to learn more. 

 

Foreclosure activity down 26 percent in March, says CoreLogicOpen in a New Window

CoreLogic President and CEO Anand Nallathambi said foreclosures and serious delinquency rates continue to drop as the home purchase market begins to emerge from its eight-year slump. The company’s latest National Foreclosure Report said foreclosure inventory declined by 25. 7 percent and completed foreclosures declined by 15.5 percent. Read on to learn more. 

 

WFG names pair to oversee company’s Agency GroupOpen in a New Window

WFG named two executive vice presidents charged with overseeing its independent agent division. EVP and General Counsel Joseph McCabe said they have been pivotal to WFG’s growth. Keep reading to learn more.

 

Learning lessons from lossesOpen in a New Window

E&O professionals Victoria Crowe and Sean Hanifin recently spoke about what lessons agents can learn from losses. They shared some practical advice with The Title Report on how to avoid these losses. Keep reading to learn more.

 

Financial Services Committee talks TRIDOpen in a New Window

Industry professionals testified in front of the Committee on Financial Services heard testimony from industry professionals at the “TILA-RESPA Integrated Disclosure: Examining the Cost and Benefits of Changes to the Real Estate Settlement Process” hearing. Many asked for a hold-harmless period through the end of the year. Keep reading to learn more. 

 

TRID compliance systems not ready, ABA saysOpen in a New Window

The American Bankers Association surveyed 800 bankers across the country about their readiness for the implementation of the TRID rule in August. It indicates that a number of banks preparing to comply will not offer certain mortgage products if the vendor’s systems are not able to handle the products. Read on to learn more.

 

Closing Insight experiences high demand in first 30 daysOpen in a New Window

Within the first 30 days of opening registration, Closing Insight had more than 30 percent of settlement agents in the mortgage industry signed up. Black Knight is targeting 90 percent of settlement agents to register and be integrated by Aug. 1, 2015. Read on to learn more.

 

NS3 Preview: Former congressman to discuss political landscapeOpen in a New Window

At the 2015 National Settlement Services Summit (NS3), Steve Bartlett, a former congressman and a senior advisor with Treliant Risk Advisors, will discuss how the political landscape in Washington, D.C. may shape future changes to the Dodd-Frank Act and RESPA compliance. Read on for insight into his session, titled “Inside the Beltway: Regulatory and Political Outlook.” 

 

New York title agents will see lower rates for refisOpen in a New Window

The New York Department of Financial Services approved new title insurance rates for refinancings in the hope of savings consumers up to 65 percent. These savings are the product of reforms included in 2014-15 state budget and broader regulatory actions. Read on to learn more. 

 

reQuire grows Northeast account management teamOpen in a New Window

reQuire has appointed a new member to its account management team. She will be responsible for bringing the company’s release tracking solution to existing and future title industry partners in New York, New Jersey and New England. Read on to learn more. 

 

Stewart names division president for South FloridaOpen in a New Window

Stewart Title named one of its own to the newly developed role of division president of the South Florida Division. He will be responsible for maintaining a comprehensive business strategy and supporting a sales-focused organization. Keep reading to learn more.

 

NS3 preview: MBA’s Markison helps TRID panel navigate transactionOpen in a New Window

: With TRID compliance on the minds of the industry leading into Aug. 1, MBA Vice President and Regulatory Counsel Ken Markison will participate in a panel at the National Settlement Services Summit (NS3) June 8-10 in Atlanta to help attendees comply with the new transaction. Read on for more about the session.

 

Simplifile creates new collaboration tool for agents, lendersOpen in a New Window

Simplifile is mostly known for eRecording but it now is piloting a new service for lenders and closing/settlement agents called Simplifile Collaboration. Vice President of Strategic Planning Nancy Alley told The Title Report she is excited about the new product and looks forward to offering it to the public later this month. Read on to learn more.

 

How can I close with Bank of America after Aug. 1?Open in a New Window

Settlement agents have asked many questions of lenders leading up to Aug. 1. One of the questions Bank of America said it frequently received is how agents can close loans with it after Aug. 1. Read on to find out the lender’s response.

 

Transnation Title expands to Indiana with acquisitionOpen in a New Window

Transnation Title Agency recently acquired National Escrow Title in Indianapolis. Transnation CEO Monte Reinert told The Title Report the companies share similar cultures and the market there is strong. Keep reading to learn more.

 

Investors Title names new SVPOpen in a New Window

Investors Title Insurance Co. promoted a new senior vice president from within to run its North Carolina Underwriting Operations. He will manage the legal and underwriting team. Read on to learn more. 

 

All Iowa counties now eRecordingOpen in a New Window

With the addition of Hardin County adopting eRecording, Iowa has become the seventh state to offer eRecording in all of its counties with Simplifile. Read on to learn more.

 

Title Alliance names two to Maryland operationsOpen in a New Window

Title Alliance Group of Maryland, LLC appointed a new corporate attorney as well as a new office manager. Read on to learn more. 

 

Subscription winners for the 2015 Voice of the Title Agent survey drawing are …Open in a New Window

Three lucky winners have been chosen to receive free subscriptions to The Title Report after their names were drawn from the 2015 Voice of the Title Agent survey contest. Read on to find out who the winners are.

 

 

Chase announces new process for settlement agentsOpen in a New Window

Chase Mortgage National Closing Control sent a memo to its title providers and settlement attorneys regarding the CFPB’s integrated Closing Disclosure Form and the new rules set to take effect Aug. 1. Read on to learn their new process.

 

Information security changing in the new worldOpen in a New Window

The Title Report attended a presentation by Christopher Gulotta, founder and CEO of Real Estate Data Shield, and Matthew Froning, chief information officer at Security Compliance Associates, at the Tennessee Land Title Association Annual Meeting and Convention regarding information security. They said the security laws and regulations have been in place for quite some time, but implementation in our industry has been seriously lacking. Keep reading to learn more.

 

Old Republic picks compliance partnerOpen in a New Window

Old Republic Title has selected a preferred vendor for ALTA Best Practices compliance benchmarking and reporting service. This will provide independent third-party verification for Old Republic agents. Keep reading to learn more. 

 

Familiar face returns to First InternationalOpen in a New Window

A former colleague has returned to First International to serve as branch manager and senior escrow officer. She said she couldn’t wait to return. Read on to learn more.

 

NS3 Preview: Celebrated RESPA attorney to discuss TRID-readinessOpen in a New Window

Phillip Schulman, a partner at K&L Gates, LLP, will explain the background of the Truth-in-Lending Act Real Estate Settlement Procedures Act Integrated Disclosure (TRID) forms and regulations, one of a number of RESPA-focused sessions at the 2015 National Settlement Services Summit (NS3) in Atlanta, June 8-10.

 

Investors Title releases Q1 resultsOpen in a New Window

Investors Title Co. announced its results for the quarter ended March 31. Several factors led to a substantial increase in earnings over the prior year. Keep reading to learn more.

 

Encompass enhances title and closing center for RESPA-TILAOpen in a New Window

Ellie Mae made enhancements to its Encompass Title and Closing Center to help lenders comply with the upcoming RESPA-TILA integrated disclosure rule. It expanded the breadth of data and enhanced the automated workflows. Read on to learn more.

 

Atlantis offers ‘Lifeline’ to agentsOpen in a New Window

Atlantis National Services, a full-service title agency in New York, is offering some agents a second chance — the ones who cannot afford to be compliant or are being forced out of the business by their underwriters for not producing enough remittances. Keep reading to learn how.

 

Fidelity sees large commercial increase in Q1Open in a New Window

Fidelity National Financial reported its earnings for the first quarter. Total revenue was up along, with commercial revenue and refinance transactions. Keep reading to learn more.

 

Ellie Mae reports ‘outstanding first quarter’Open in a New Window

Ellie Mae reported its results for the first quarter ending March 31.  President and CEO Jonathan Carr said the company had a great start to the year and an outstanding first quarter. Keep reading to learn more.

 

SoftPro announces CDF Training RegistrationOpen in a New Window

SoftPro announced it has opened registration for a variety of Closing Disclosure Form training options. SVP of Business Services Heidi Schultz said the company deliberately created a diverse array of training options. Keep reading to learn more.

 

 

LenderLive names new settlement services leaderOpen in a New Window

LenderLive Network appointed a new settlement services leader because its customers are concerned about the impact upcoming regulations will have on their budgets and workflow. Keep reading to learn more. 

 

CPA association offers guidelines for industry certificationsOpen in a New Window

The American Institute of Certified Public Accountants (AICPA) issued guidelines for CPAs who perform attestation and compliance reporting services to verify if a title and settlement professional complies with the American Land Title Association’s (ALTA) Best Practices Framework. Keep reading to learn more.

 

Share of homes sold to owner-occupants drops in Q1Open in a New Window

RealtyTrac released its Q1 2015 Cash, Investor and Distressed Sales Report. Vice President Daren Blomquist said the numbers suggest two important trends in the housing market. Keep reading to learn more.

 

Maryland title company, execs cited for RESPA kickbacksOpen in a New Window

The Consumer Financial Protection Bureau handed down an enforcement action against a Maryland title company, its owner and its director of marketing for allegedly participating in mortgage kickback schemes that violated RESPA. Read on for the details of the action and the penalties that will be faced.

 

TRID conversations still evolvingOpen in a New Window

The calendar changes and the time left until Aug. 1 gets smaller, but the discussions around lender and settlement plans for the TILA-RESPA Integrated Disclosure (TRID) rules are still in flux. Although some issues are being settled, many more are changing as lenders learn more about their new roles and responsibilities in the closing process. A recent lender panel, attended by October Research, LLC, addressed some of those changing concerns; read on for the details.

 

New York regulations to crack down on title industryOpen in a New Window

New York Gov. Andrew Cuomo announced new regulations to crack down on kickbacks and other improper expenditures (such as excessive meal and entertainment expenses) in the title insurance industry. He states the regulations will reduce title insurance closing costs by up to 20 percent for new home purchases and up to 60 percent for refinancing transactions. The regulations are based on a Department of Financial Services investigation which uncovered that these practices significantly inflate title insurance premiums. Read on for more details. 

 

WFG grows with focus on agentsOpen in a New Window

When the WFG National Title Insurance Co. (WFG) started five years ago, it was the 31st largest title insurance company in the country. Today it’s tied at the sixth largest. In a recent interview with The Title Report, Executive Vice President Joe Drum attributed this growth to the way the company treats its agents.

 

Title plants widely used, little understoodOpen in a New Window

Although title plants are common in the industry, there remains a lack of understanding of what they do, and the differences amongst them. The Title Report attended a panel where industry professional David Floyd, Dean Hoag and Richard Murray tried to clear up some of that confusion. Read on to learn more. 

 

Boston National Title Agency partners with Canyon TitleOpen in a New Window

Boston National Title Agency of Charlotte, N.C., and Canyon Title of Denver have joined forces. According to Boston National CEO John Keratsis, the primary benefit of the arrangement is the product line diversification necessary to provide a greater range of services. Keep reading to learn more.

 

OneTitle grows business development teamOpen in a New Window

OneTitle National Guaranty Co., Inc. added an industry veteran to its business development team. He will focus on both residential and commercial accounts for OneTitle. Keep reading to learn more.

 

Ellie Mae moves into new headquartersOpen in a New Window

Ellie Mae has moved into its new corporate headquarters in Pleasanton, Calif. Read on to learn more.

 

Stewart sees more transactions in Q1Open in a New Window

Stewart Information Services Corp. reported its results for the first quarter of 2015. CEO Matthew Morris said in terms of title revenue, Stewart experienced higher transaction volume in the first quarter of 2015 compared with a year ago. Read on to learn more about Stewart’s performance.

 

eLynx announces its TRID compliance solutionOpen in a New Window

eLynx released Expedite ID, a compliance solution fulfilling lenders’ requirements for complying with the CFPB’s TILA/RESPA Integrated Disclosures (TRID) rule on Aug. 1, 2015. The solution will allow lenders and settlement service agents to share information in compliance with TRID. Keep reading to learn more.

 

SunTrust adopts new procedures for Aug. 1Open in a New Window

SunTrust announced its plan to comply with new regulations effective Aug. 1, 2015. How will the Atlanta-based lender handle the Closing Disclosure? Keep reading to learn more.

 

Stewart Title expands footprint in OhioOpen in a New Window

Stewart Title acquired a majority interest in First Ohio Title Insurance Agency. Ohio Division President David Martin said the acquisition is evidence of the company’s commitment to the state’s dynamic real estate market. Read on to learn more.

 

Get comfortable with consumer marketingOpen in a New Window

Finding the right way to market directly to consumers might seem difficult for agents who are not used to the process. With the industry set to change the way closings are conducted beginning Aug. 1, reaching out to consumers could open new business avenues for title agents. Read on for the details.

 

White Mountains Insurance Group invests in OneTitleOpen in a New Window

White Mountains has announced a major investment in OneTitle and will take a minority stake in the company. OneTitle President and CEO Daniel Price talked with The Title Report about the benefits of the deal. Read on to learn more.

 

 

Old Republic earnings continue in ‘highly positive vein’Open in a New Window

Old Republic reported its results for the first quarter of 2015. The company’s announcement credits the improvement to a much-improved performance from the basic underwriting and related services functions of the business. Keep reading to learn more about the company’s performance.

 

DocMagic launches new TRID softwareOpen in a New Window

DocMagic launched a new solution to bring lenders and settlement providers together inside a secure and collaborative portal to view and exchange fee data prior to closing. The platform was designed to meet TRID requirements. Keep reading to learn more.

 

Fannie Mae expects 2.8 percent growth in 2015Open in a New Window

Fannie Mae‘s first quarter economic analysis shows that some economic growth measures downsized, but it is still forecasting 2.8 percent growth in 2015. Read on to learn more. 

 

Existing-home sales spike in MarchOpen in a New Window

Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace. Read on for more details.

 

Accurate Group adds industry vets to management teamOpen in a New Window

Accurate Group, a provider of real estate appraisal, title and compliance services, hired two former executives from the FirstMerit Title Agency that recently was closed. Read on to learn who.

 

First American reports big improvement in Q1Open in a New Window

First American Financial released its earnings report for the first quarter of 2015. Total revenue for the quarter was $1.1 billion, an increase of 10 percent from the first quarter of 2014. Read on to learn how the second largest title insurance underwriter performed.

 

Share of underwater homes increases in first quarterOpen in a New Window

According to the U.S. Home Equity & Underwater Report released by RealtyTrac, the share of seriously underwater homes increased in the first quarter of 2015 for the first time since the second quarter of 2012. Vice President Daren Blomquist said the end of 2014 saw the lowest share of these properties since RealtyTrac began tracking this data. Read to learn what happened.

 

Surry County implements eRecordingOpen in a New Window

The Surry County, North Carolina, register of deeds’ office now is accepting electronic documents for recording through Simplifile. The county’s Register of Deeds Carolyn Comer said eRecording is a benefit to all involved in the land records industry. Read on to learn more.

 

Fitch looks into overall title industry healthOpen in a New Window

In the last of our three-part series on the performance of the title insurance industry in 2014, this week’s analysis comes from Fitch Inc. The company looks into the ups and downs of the Big Four in 2014. Read on to see what they believe see for the industry in the rest of 2015.

 

First Nationwide boasts strong legal teamOpen in a New Window

First Nationwide has grown its legal team to 13 members in a short amount of time. Keep reading to learn more about the company’s latest additions. 

 

Alliant CCO earns coveted certificationOpen in a New Window

Alliant National Title Insurance Co.’s chief compliance officer earned a coveted certification from the American Society of Quality. He said it was a great honor to receive this certification. Read on to learn more.

 

Market your business with education, value propositionOpen in a New Window

Title agents who are looking for a renewed sales and marketing approach might find that their target audience has changed. With a heightened focus on education and knowledge in the closing process, new strategies could pay dividends for title agents. Read on to see what might be best for you.

 

 

Greg Wright to present, “How to get more out of your agency and client base” at NS3Open in a New Window

Greg Wright, president of The Wright Track Consulting Group will be presenting at the National Settlement Services Summit (NS3) at 11:30 a.m. June 10 in Atlanta, Ga. Keep reading to learn more about him.

 

RamQuest says TRID software readyOpen in a New Window

RamQuest released Complete Closing version 8.0. The release delivers its Closing Disclosure solution and meets the requirements of CFPB TILA-RESPA. Keep reading to learn more. 

 

Continuing education important aspect of title agents jobOpen in a New Window

Joe Grabas, founder of Investors Title Agency, recently sat down with The Title Report about his plans and the importance of education in the title insurance industry. He has been traveling around his home state of New Jersey teaching classes to agents, lawyers and Realtors. Keep reading to learn more.

 

Flipping edges out renting among investors in Q1Open in a New Window

Survey data collected from investors bidding on property online and at live events across the country revealed that the flipping trend seen throughout the fourth quarter of 2014 still is going strong. It is building momentum in nearly every market surveyed, according to Auction.com. Keep reading to learn more.

 

National Notary Association trains veteransOpen in a New Window

The National Notary Association is offering its third annual complimentary notary training for veterans. The training will coincide with Notary Public Week in Orlando, Fla. Read on to learn more.

 

RealtyTrac finds Earth-friendly countiesOpen in a New Window

In honor of Earth Day, RealtyTrac wanted to find out where the most Earth-friendly counties resided. Analyzing various datasets including percent of good air quality days, the percent of people who walk to work, and then the best counties based on affordability. Read on to learn more.

 

Aug. 1 solutions training in the Magic KingdomOpen in a New Window

October Research, LLC CEO and Publisher Erica Meyer had a chance to get up close with the new Closing Disclosure forms and process at the SoftPro User Group Conference. Agents in attendance came away with a first-hand look at SoftPro and Closing Insight’s new systems, as well as some valuable information about how the closing process will look after Aug. 1. Read on for all the key insights from the conference.

 

CFPB enforcement highlights third-party responsibilitiesOpen in a New Window

A recent enforcement action by the Consumer Financial Protection Bureau might not have seemed that significant. But it’s what the bureau said about the responsibilities third parties had to protect consumers and stop fraud that can affect title agents. Read on to find out what the CFPB said third parties didn’t do, or should have done, in this case.

 

MBA testifies on regulatory burdens to obtaining mortgage creditOpen in a New Window

The Mortgage Bankers Association’s David Motley testified before the U.S. Senate Committee on Bank, Housing and Urban Affairs during the hearing, “Regulatory Burdens to Obtaining Mortgage Credit.” He said although the MBA commends the bureau for many of their accomplishments, there are unintended consequences to the regulation that need to be addressed. Keep reading to learn more.

 

Fidelity National Title adds new managerOpen in a New Window

Fidelity National Title Group promoted a new manager for its FNT and Chicago Title commercial operations in Philadelphia. Read on to learn more about him.

 

Auction.com ranks the hottest major single-family housing marketsOpen in a New Window

Auction.com, LLC released its ranking of the hottest major single-family housing markets based on current and expected future housing fundamentals. According to the report, the strongest U.S. region overall has remained the same. Read on to learn more. 

 

Foreclosures drop to lowest level in eight yearsOpen in a New Window

First quarter U.S. foreclosure activity dropped to its lowest quarterly level in eight years despite an increase in March. The states with the highest foreclosure rates were Florida, Maryland, Nevada, Illinois and New Jersey. Keep reading to learn more.

 

First International adds senior escrow officerOpen in a New Window

First International Title of Jupiter added a senior escrow officer/title agent to its staff. Keep reading to learn more.

 

Fannie Mae launches HomePath Ready buyer education programOpen in a New Window

Fannie Mae launched its HomePath Ready Buyer program, qualifying first-time homebuyers to receive assistance toward the purchase of a HomePath property. Read on to learn more.

 

 

Simplifile completes SOC 2 Type II auditOpen in a New Window

Simplifile completed the SOC 2 Type II audit and expanded into its 60th county in Missouri. Keep reading to learn more about this company’s announcements. 

 

Title Alliance adds Maryland/Virginia regional directorOpen in a New Window

Title Alliance appointed a regional director for its Maryland and Virginia region. He will oversee the settlement staff, assure the operations are in compliance with regulatory issues as well as develop, mentor and train the office managers. Keep reading to learn more.

 

Demotech details title industry profitability in 2014Open in a New Window

Continuing our three-part series on the performance of the title insurance industry in 2014, this week’s analysis comes from Demotech Inc. Read on to see what their analysts believe about the strength of the industry last year and heading into 2015.

 

House committee witnesses discuss upcoming regulatory changesOpen in a New Window

The House Financial Services Committee held a hearing entitled, “Examining Regulatory Burdens on Non-Depository Financial Institutions.” Among the witnesses was the American Land Title Association’s President Diane Evans NTP. Read on to learn more about the hearing.

 

Real estate activity steady to improving, says Beige BookOpen in a New Window

Residential real estate activity was steady to improving across most districts, according to the April 15 Beige Book released by the Board of Governors of the Federal Reserve System. Multifamily construction remains strong and there was improvement in loan demand. Keep reading to see what the Beige Book has to say about the housing and banking industries.

 

FTC Commissioner: Securing sensitive data a key focusOpen in a New Window

Federal Trade Commission Commissioner Julie Bill recently addressed data security for companies and researchers working with big data. She said the agency was focus on ensuring that companies that collect and research data are doing everything they can to secure sensitive information. Read on for the details.

 

Brady & Kosofsky earns SSAE 16 SOC 2 Type 1 certificationOpen in a New Window

Brady & Kosofsky, PA successfully completed a SSAE 16 SOC 2 Type 1 audit certification. The certification included the company's controls related, among other things, to the Trust Services Principles and Criteria of Security and Availability. Read on to learn more.

 

House payments more affordable than fair market rents in many marketsOpen in a New Window

RealtyTrac’s Residential Rental Property Analysis found that monthly house payments on median-priced homes are more affordable than the monthly fair market rent on a three-bedroom property in 76 percent of the U.S. counties included in the analysis. Keep reading to learn more.

 

February 2015 foreclosures down 67 percent from 2010 peakOpen in a New Window

CoreLogic released its February 2015 National Foreclosure Report. It shows that the foreclosure inventory declined by 27.3 percent, and completed foreclosures declined by 15.7 percent from February 2014. Keep reading to learn more.

 

LandAmerica settles retirement plan disputeOpen in a New Window

After LandAmerica Financial Group and its 1031 exchange subsidiary filed for bankruptcy in 2008, employees filed suit under the Employee Retirement Income Security Act, alleging several of the company’s directors and officers violated their fiduciary duties by allowing investment of LandAmerica Financial Group Employee Savings and Stock Ownership Plan assets in LandAmerica stock when they knew those investments would lose money. After a lengthy court process and settlement negotiations, the parties have reached a settlement. 

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5/25/2015
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