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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.


 

 

Title Resource Group drives Realogy's profitsOpen in a New Window

Realogy Holdings Corp.’s Title Resource Group (TRG) 2016 results saw revenue and profits that led a strong year for Realogy.

Realogy overall saw a 2 percent increase in revenue, driven by organic and acquisition revenue increases at TRG. Realogy’s CEO told analysts the title and settlement services division will continue to scout possible acquisitions throughout 2017.

Read on for more financial details from the latest report.

 

Small businesses 'drowning' in regulationsOpen in a New Window

Nearly half of all small-business owners surveyed by the National Federation of Independent Business call government regulations a serious burden.

Three in 10 small business owners say the regulations are of no value to customers or consumers.

Read on to learn why businesses believe the volume of regulations may be a job killer.

 

Old Republic expands boardOpen in a New Window

The Board of Directors of Old Republic International Corp. has appointed a retired executive from PricewaterhouseCoopers as independent director.

The company’s new board member has more than three decades of audit and business-advisory experience.

Read on for more details about the addition.

 

ClosingCorp names senior VPOpen in a New Window

ClosingCorp’s new senior vice president is a former executive from Black Knight Financial Services, Inc.

Read on for more details.

 

Premium Title integrates LendingQBOpen in a New Window

LendingQB’s loan origination system (LOS) now is available to Premium Title clients. The LOS will help customers get title and settlement quotes faster.

Read on to learn more.

 

AmTrust hires New York agency managerOpen in a New Window

AmTrust Title Insurance Co. taps a company veteran to grow its business throughout the Empire State

Read on for more details.

 

Black Knight profits up 129 percentOpen in a New Window

Black Knight Financial Service, Inc. reported 2016 increases in revenues and net income, with profits growing 129 percent from the previous year.

Two years after being spun off from Fidelity National Financial, Black Knight is scheduled to become fully independent later this year.

Read on for more details about the company’s 2016 performance.


 

Cyberattacks top list of business fearsOpen in a New Window

For the first time in the Horizon Scan Report’s history, businesses cited uncertainty about new laws and regulations as a top concern to their business continuity, although cyberattacks remained the top threat businesses face.

The study’s authors say the findings underscore the need for businesses to plan accordingly.

Read on to learn what other threats most concern businesses.


 

First American Mortgage debuts management systemOpen in a New Window

First American Mortgage Solutions, LLC, a subsidiary of First American Financial Corp., has introduced a collateral file management system designed to mitigate risks by identifying and curing imperfections.

First American says users also will benefit from resources it gained with last year’s purchase of TD Service Financial Corp.

Read on for more details about the new product.

 


 

Title Alliance appoints Arizona state managerOpen in a New Window

Title Alliance’s new Arizona state manager has more than four decades of experience.

Read on to learn why he and Title Alliance say the hiring is a good fit.


 

Home inventory shortage causing ‘matching-trap’Open in a New Window

A First American Financial Corp. economist said January’s housing market was stifled by the small inventory of available homes.

Read on to see how January 2016 compared with other months.

 


 

Ellie Mae incorporates Indecomm technologyOpen in a New Window

Indecomm Global Service’s income calculation and analysis platform now is available through Ellie Mae’s Encompass. Read on for more details.

 

Former First American exec steps awayOpen in a New Window

Former longtime First American Financial Corp. executive Anand Nallathambi, now president and CEO of CoreLogic, has been granted a temporary medical leave of absence.

Nallathambi spent 18 years with First American before CoreLogic was spun off from the company as a standalone operation. Nallathambi has led CoreLogic since it separated from First American Corp. in 2010. CoreLogic provides real estate information to companies in real estate, mortgage finance, insurance, and capital markets.

Read on for details on who will lead CoreLogic during Nallathambi’s leave.  


 

GRS Title Services gets new presidentOpen in a New Window

GRS Title Services has promoted one of its co-founders into a new role.

 

He will take over as president after eight years of service with the company.

 

Read on for more information about the promotion and reaction from the company to The Title Report.


 

TRG parent, Guaranteed Rate partnerOpen in a New Window

Realogy Holdings Corp., the parent company of Title Resource Group, and Guaranteed Rate, Inc. have agreed to form a new joint venture, which is expected to begin doing business in June 2017.

As part of the deal, Realogy and PHH Mortgage will end an existing joint venture.

Read on for more details about the deals between the companies.


 

Millions of homes facing environmental hazardsOpen in a New Window

ATTOM Data Solutions has identified $4.9 trillion worth of single family homes and condos threatened by environmental hazards.

Read on for more information.


 

MISMO appoints new board membersOpen in a New Window

The Mortgage Bankers Association has appointed a Quicken Loans and Black Knight Financial Services executive to the board of its Mortgage Industry Standards Maintenance Organization (MISMO).

Read on to learn more about the appointees.


 

Ellie Mae integrates Veros’ SapphireOpen in a New Window

Sapphire, Veros Real Estate Solutions’ value management platform, now is available through Ellie Mae’s mortgage management solution.

Read on for details.


 

First National latest to show strong growthOpen in a New Window

First National Title Insurance said it had more than a 50 percent increase in revenues in 2016.

The company said last year’s growth came because of positive real estate markets in the states it serves, and its profits showed strong growth as well as its revenue.

Read on to learn what the company has identified as its main growth area for 2017.


 

Homebuyers surprised by closing costsOpen in a New Window

A survey done for ClosingCorp found that some first-time homebuyers were unaware that closing costs were required.

More than half of survey respondents said their costs changed or were revised prior to closing, despite the aim of the new TILA-RESPA Integrated Disclosure (TRID) forms to prevent surprises on closing costs changing late in the homebuying process.

Read on learn what’s surprising homebuyers about the cost of their home.


 

Black Knight introduces new title toolOpen in a New Window

Knight has introduced a risk mitigation tool that it says will help identify potential liabilities and reduce title insurance claims.

The tool, called iOnTitle, is offered as a part of TitlePoint, Black Knight’s web-based title search and order management application.

Read on learn more about how the company says iOnTitle can reduce title insurance claims.


 

Westcor appoints sales managerOpen in a New Window

Westcor Land Title Insurance Co. appointed a Texas regional sales manager.

He will help the company identify the needs of title agents in and around Texas.

Read on to learn more.


 

NotaryCam gains Fannie Mae approvalOpen in a New Window

Fannie Mae has approved NotaryCam’s eClose360 for use on its loans.

eClose360 is an online notary platform that enables mortgage closings to take place entirely online.

Read on for more information.


 

Forty-three counties join SimplifileOpen in a New Window

Throughout the United States, more than 1,579 counties record deeds, mortgages, and other documents using Simplifile.

The additional counties added to Simplifile’s network spanned 18 states.

Read on for more information.


 

Strong title market could be slowedOpen in a New Window

A.M. Best speculates that after three years of a growing title insurance market, increasing mortgage rates will slow home sales and title market growth.

However, moderating home price growth could offset affordability issues this year, the report said.

Read on to learn which group of consumers is most likely to delay home purchases.


 

Quicken Loans gets new CEOOpen in a New Window

The nation’s second-largest mortgage lender has changed the responsibilities of several of its senior managers, including installing a new CEO.

 

In making the announcement, Quicken Loans Chairman Dan Gilbert praised the passion and dedication of those promoted.

 

Read on to learn which executives have new roles within the company.


 

Fidelity National, GainClients partnerOpen in a New Window

Fidelity National Title Co. has signed a service agreement authorizing the title company to use GainClients, Inc.’s GCard service.

During a three-month pilot in Seattle, GainClients helped Fidelity convert more policies, the companies announced.

Read on to learn how GainClients’ service is expected to improve Fidelity’s Foreclosure Division and its bottom line.


 

OneTitle gets rate-reduction approvalOpen in a New Window

OneTitle National Guaranty Co. will offer reduced rates on transactions of more than $15 million.

The lower rates are available to commercial and residential customers throughout New York State exclusively through OneTitle.

Read on to learn about the company’s new, condominium offering plan library.


 

Foreclosures down in DecemberOpen in a New Window

An improved job market and stringent underwriting standards are reducing the number of foreclosures.

Foreclosures in December were 82 percent lower than at the peak at the foreclosure crisis in 2010.

Read on to learn which states had the most and the least foreclosures in December.


 

Mortgage applications on the riseOpen in a New Window

Mortgage applications for new home purchases rose in January. An economist from the Mortgage Bankers Association is predicting modest growth in 2017.


 

SLK introduces new productOpen in a New Window

SLK Global Solutions’ new tax-retrieval product promises to provide clients with accurate real estate tax information.

Company executives said conversations with clients led to the development of the new product.

Read on for information on how the new product will speed the closing process.


 

Kensington Vanguard adds executivesOpen in a New Window

Kensington Vanguard National Land Services named a vice president of business development and an escrow officer for its Lone Star Division.

Read on to learn about the experience of the two newly hired executives.


 

AmTrust names agency representativeOpen in a New Window

AmTrust Title Insurance Company has tapped a veteran title insurance professional to represent its operation in the Garden State. 

Read on to learn about the new hire’s background and why New Jersey is a vital market for AmTrust.


 

Commonwealth USA Settlements earns SOC 2Open in a New Window

Commonwealth USA Settlements has earned Service Organization Control 2 (SOC 2) Type II certification from the American Institute of Public Accountants.

Read on for details of what’s required to receive this distinction.


 

Fannie: Housing outlook improvingOpen in a New Window

Fannie Mae’s latest index shows Americans are cautiously optimistic about buying or selling homes and retaining their jobs.

Read on for details of about the areas in which Americans see improvement and those which are still causing concern.


 

LendingQB, Accurate Group partnerOpen in a New Window

In hopes of streamlining the loan origination process for lenders, LendingQB is integrating Accurate Group’s appraisal, title and compliance services into its technology solutions. Both companies believe the technology integration will reduce cycle times and produce greater transparency into appraisal and title data.

Read on for details.


 

Stewart expands pilot program rolloutOpen in a New Window

Stewart announced that it is moving forward with a new initiative that it has been piloting in small markets over the past year.

On a conference call with analysts discussing the company’s quarterly earnings, CEO Matt Morris and Chief Financial Officer Allen Berryman said the program was expected to provide $10 million in annualized savings each of the next two years.

Read on for more details of the pilot program and why Stewart is so high on its prospects.

 

Title Alliance adds new partnershipOpen in a New Window

Armed with a new office leader, Title Alliance announced it recently opened its fourth joint venture operation in Florida.

The company partnered with Keller Williams, its 24th affiliation with the company, to open the new title insurance agency.

Read on for more about the new office, the closing manager in charge, and how business has started since the doors opened.

 

Cybersecurity breaches cause substantial lossesOpen in a New Window

Cybersecurity breaches do more than slow down a business. A new report finds that companies that experience a breach also suffer heavy financial and reputational losses.

The Cisco 2017 annual Cybersecurity Report surveyed nearly 3,000 chief security officers (CSOs) and security operations leaders from 13 countries. It found that more than a third of organizations which experienced a breach reported substantial customer and opportunity loss, along with revenue losses of more than 20 percent.

Read on for more details from the 10th annual report, and what a breach can mean for your business.

 

Stewart office in Dallas gets new hireOpen in a New Window

Stewart Title Commercial Services announced that it added a business development officer to the Dallas-Fort Worth office. The new hire will be responsible for growing Stewart’s commercial business by developing and maintaining commercial business relationships. Read on for more.

 

Report: Single ladies go with FHA loansOpen in a New Window

It might not be Beyonce’s next big hit, but all the millennial single ladies were making their moves in mortgages in December, a new report shows. Read on or the details.

 

Old Republic adds underwriting counselOpen in a New Window

Old Republic Title has added an underwriting counsel to its team. He will be based out of the Nashville, Tenn., office. Read on for more details of the hire.

 

Knight Barry starts 2017 in growth modeOpen in a New Window

Knight Barry is making headlines with its first acquisition in nearly a year. Knight Barry Chief Operating Officer Craig Haskins told The Title Report  that the nine-month span between acquisition announcements is mostly a function of seasonality.

The move will bring Knight Barry’s operations to the western part of Wisconsin, with the ability to reach clients across the border in Minnesota.

Read on for details of the acquisition, and Haskins’ view of the industry today.

 

FNF says 2016 most profitable yetOpen in a New Window

Don’t tell Fidelity National Financial (FNF) that the glory days of the industry came before the housing crisis hit. FNF’s detail of 2016 shows it to be the company’s most profitable year yet.

Details of the company’s earnings report show the title insurance group driving revenue and earnings both in the fourth quarter and throughout 2016.

Read on for details from the report, including reaction from Chairman Bill Foley and CEO Randy Quirk.

 

AmTrust Title continues expansionOpen in a New Window

Coming up on one full year since AmTrust Financial moved into the title insurance industry, the company announced its latest geographic expansion.

AmTrust Title’s executive vice president said the news proceeds increased staffing in the next six months as the company looks to expand further.

Read on for details of where the company has grown and what its plans are in 2017.

 

Report: Distressed sales at nine-year lowOpen in a New Window

ATTOM Data Solutions’ 2016 U.S. Home Sales Report found that distressed sales of single family homes and condos reached their lowest annual level in nine years. Read on for more details from the year-end report.

 

Cenlar back for more with Black KnightOpen in a New Window

Subservicer Cenlar FSB and Black Knight Financial Services announced the companies reached a five-year renewal deal for Cenlar to remain a client of LoanSphere MSP. Read on to learn why Cenlar wanted to stick with Black Knight.

 

Agents adds new chief strategy officerOpen in a New Window

Agents National Title Insurance announced that it has brought on an industry veteran to take on the new role of chief strategy officer. Read on for more about the move.

 

Fidelity growth plans focused on West CoastOpen in a New Window

The big news coming from Fidelity National Financial’s (FNF) conference call with analysts was not the spectacular showing by the company’s earnings in the fourth quarter and full year 2016.

Instead, it was the news that expansion continues at the company, both in the title insurance area and with other new targets as well.

FNF Chairman William Foley said the plans focused West and offered some insight on the new targets. Read on for more.

 

Full steam ahead for UCD complianceOpen in a New Window

Fannie Mae and Freddie Mac announced that it’s full steam ahead for technology compliance with the Uniform Closing Dataset (UCD) file, set to be mandated for delivery to the government-sponsored enterprises (GSEs) as of Sept. 25.

In its latest update, the GSEs announced specification changes and had one clear message to the industry as it prepares for compliance.

Read on to find out what the GSEs want you to know before September.

 

MUFG Union Bank signs on with Black KnightOpen in a New Window

The 21st largest bank in the country has signed on the dotted line with Black Knight Financial Services.

The companies announced that MUFG Union Bank will implement Black Knight’s LoanSphere Data Hub to “provide broader and deeper insight” into the bank’s mortgage portfolio.

Read on for more about what the deal will mean for both companies.

 

FNF adds Quirk to boardOpen in a New Window

Fidelity National Financial, Inc. announced that it would add a member to the company’s board of directors and elected CEO Randy Quirk to become the 12th member of the board. Read on for more about the move.

 

Freddie Mac outlook considers uncertaintyOpen in a New Window

After the housing market’s best year in a decade, Freddie Mac’s January 2017 outlook considers the uncertainty on the future as the year begins. Read on for details of Freddie’s report and insight from Chief Economist Sean Becketti.

 

LenderLive adds VP to settlement services divisionOpen in a New Window

LenderLive announced that it has added a new vice president to its settlement services division. Read on for more about the hire.

 

Alliant, SoftPro expand integrationOpen in a New Window

Alliant National Title Insurance Co. announced an expanded integration between the company’s Agent Resource Center and SoftPro 360. The extended integration offers users new features. Read on for the details.

 

Chronos taking title nationwideOpen in a New Window

When Chronos Solutions bought Commerce Title and Closing Services in early 2016, it signaled a move to offering broader title services to clients, particularly in California.

That move has blossomed since, with new staff added on in the fall and the company announcing the launch of nationwide title services as of today.

The Title Report caught up with Executive Vice President Kandi Jablonski, who is heading the national title originations division, to discuss the progress of building a nationwide rollout and the next steps ahead. Read on for more.

 

GIT Florida Title moving on upOpen in a New Window

It might not be to the East side, but GIT Florida Title Services is definitely moving on up.

The company announced that it has moved its Florida state headquarters to larger offices in the Center Pointe Building in Sarasota, Fla.

Read on for more details about the company’s move, and why President Greg Kosin said the company is “well-positioned to leverage growth.”

 

ValuAmerica integrates with ClosingCorpOpen in a New Window

ValuAmerica announced that is has reached a deal to integrate technology from ClosingCorp into its website.

The move will provide greater transparency for ValuAmerica’s lender and Realtor clients, the company said in a news release.

Read on for more details of the plan with the national provider of title, closing, appraisal and settlement services.

 

Advantage Group promotes trioOpen in a New Window

The Advantage Group announced that it made three executive promotions, including one at the Advantage Title company. Read on for details of the promotions and the new executives’ responsibilities.

 

Home sales forecast predicts flat startOpen in a New Window

The latest forecast of existing home sales from Ten-X indicates a flat start to 2017 in the market, the company announced. The Ten-X Residential Real Estate Nowcast shows a targeted number of sales matching December and slightly higher than a year ago. Read on for more details.

 

RynohLive adds new executiveOpen in a New Window

RynohLive announced it has added a senior vice president of business development to the company. He will assist the company’s sales team and lead business development initiatives. Read on for more details.

 

More records for Old Republic, no end in sightOpen in a New Window

Chalk up another series of record financial performances from Old Republic’s title group, as both fourth quarter and full year results blew past records set just one year ago.

On a conference call with analysts, Old Republic Title Insurance Co. CEO Rande Yeager said there didn’t appear to be headwinds to stop the company from continuing to set records in 2017 and beyond.

“This is a really good report to give,” he said. Read on for all the details from the company’s earnings and call.

 

MBA economist updates market outlookOpen in a New Window

What a difference a few months can make.

When Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni spoke at MBA’s annual conference in October, the economic message was one of a growing purchase market and continuing low-rate environment that might slowly rise as 2017 went along.

Speaking at the MBA Independent Mortgage Bankers Conference in Palm Springs, Calif., last week, Fratantoni’s message was markedly different. Read on for the latest details on MBA’s outlook for the year.

 

Simplifile cites 2016 growth, 2017 focus on agentsOpen in a New Window

Simplifile released its latest data on the growth of its eRecording network in 2016, saying the company added 182 counties and parishes across 32 states to its network over the course of the year.

That pushes the total network coverage for the company to more than 1,500 counties, reaching more than 75 percent of the population.

The company said its focus for 2017 was going to be on agents, rather than network expansion. Read on for details of the company’s strategy.

 

CFPB cautions buyers on calculatorsOpen in a New Window

Do you have a calculator on your website? Do you work with partners who have their own, or mortgage calculators in general? The Consumer Finance Protection Bureau, in a recent blog posting, warned consumers to beware of using mortgage calculators to help determine their costs when shopping for a mortgage. Read on for details of the bureau’s warnings.

 

Study shows digital marketing expected to riseOpen in a New Window

A new study released by GetResponse shows that nearly three-quarters of small businesses plan to increase their digital marketing budgets in 2017, with social, mobile and email marketing driving the spending. Read on for details from the report.

 

FNTI adds to underwriting teamOpen in a New Window

First National Title Insurance Company announced that it added an industry veteran to the company’s underwriting team. He most recently was a general counsel at a real estate brokerage firm. Read on for more about the new hire.

 

Six years later, ServiceLink settles LPS’ debtOpen in a New Window

Nearly six years after Lender Processing Services entered into a consent order with federal banking regulators over charges of improper actions in foreclosure-related services, the company’s successor is paying the price.

Banking regulators announced a fine assessed to ServiceLink as a result of the actions cited by LPS in an April 2011 consent order.

However, the civil money penalty does not wipe away other parts of the consent order. Read on to find out the process involved to reach a settlement and what ServiceLink still must do to remain in compliance in the future.

 

Mutual of Omaha Mortgage expands into new statesOpen in a New Window

Mutual of Omaha Mortgage recently expanded into a pair of new states.

President Tim Connealy said this represents a significant milestone for the lender, which offers a range of home financing products and services through a growing number of full-service locations and a national call center.

Read on to learn more about the new moves.

 

 

Black Knight: Foreclosure rate down 30 percentOpen in a New Window

The Data and Analytics division of Black Knight Financial Services, Inc. reported its first look at December 2016 month-end mortgage performance statistics.

A spokesman told The Title Report the foreclosure rate showed the largest decline on a percentage basis dating back to at least 2000.

Read on to learn more from the report.

 

Qualia adds to title settlement systemOpen in a New Window

Qualia released an advanced reporting module. It equips title professionals with a tool to analyze revenue sources, business relationships and operational efficiency. Read on to learn more. 

 

Lawyers Title names vice presidentOpen in a New Window

Lawyers Title, a member of the Fidelity National Financial family of companies, has named a new vice president and leader of the DFW Commercial Sales team. Read on to learn more.

 

Nationwide housing production up 11.3 percentOpen in a New Window

Despite a slight dip in single-family production, December’s housing production rate is the fourth highest single-family pace since the Great Recession, according to National Association of Home Builders Chairman Granger MacDonald. Keep reading to learn more.

 

Title outlook: OptimisticOpen in a New Window

A new report from Kroll Bond Rating Agency (KBRA) says that although 2016 likely was the peak of lending volumes for years to come, the title insurance industry is well positioned to manage 2017 and future years.

KBRA cited strong policyholder surplus ratings, increased profits, and the expansion of business lines among the areas where the industry has shown strength.

The outlook also warned of potential downsides in the years to come. Read on for details of the outlook.

 

White House freeze won’t affect appointeesOpen in a New Window

President Donald Trump has issued a freeze of the hiring of federal civilian employees to be applied across the board in the executive branch.

This mean no vacant positions existing at noon Jan. 22, may be filled and no new positions may be created.

Keep reading to learn more about how far-reaching the freeze goes.

 

CoreLogic launches RealQuest appOpen in a New Window

CoreLogic’s new RealQuest app is designed to provide mortgage and title companies with comprehensive property, ownership and mortgage data on their iOS devices.

It provides detailed property information, transaction history and neighborhood sales data while they’re in the field.

Read on to learn more about this new technology offering from CoreLogic. 

 

Kensington Vanguard names new EVPOpen in a New Window

Kensington Vanguard National Land Services hired a new executive vice president for its Lone Star division in Dallas. Read on to learn more.

 

FAF: Rising mortgage rates dampen market potentialOpen in a New Window

Housing market potential slumped in November, in large part because of rising mortgage rates, according to the latest First American Potential Home Sales model. Read on to learn more.

 

Familiar names among potential Day 1 Certainty vendorsOpen in a New Window

As part of Fannie Mae’s Day 1 Certainty program, the agency announced it was vetting potential new vendors to provide verification services for the program.

Among the potential new vendors are companies familiar to the title insurance industry.

Read on for more from Fannie Mae, and which companies might be invited into the Day 1 Certainty process. 

 

Conversations with the C-Suite: General Title Insurance Co.Open in a New Window

Welcome to our latest Conversations with the C-Suite exclusive to The Title Report. In these features we talk to leaders of the industry about their business priorities, plans for the future and what title agents need to know to succeed. In this edition, Editor Tara Quinn spoke with General Title Insurance Co. President and General Counsel Rob Holman.

 

Fidelity squares things with CaliforniaOpen in a New Window

Fidelity National Title Co. was back in the good graces of the California Secretary of State’s office Thursday night, after the company temporarily had been put on suspension. Read on for details of the resolution for Fidelity.

 

Simplifile, LendingQB integrate collaboration servicesOpen in a New Window

Simplifile has integrated its collaboration and post closing services with LendingQB.  Users now can create loan records to initiate data and document sharing with settlement providers. Read on to learn more.

 

Average closings in 2016 longest in four yearsOpen in a New Window

Closing times have risen nearly a full week since the spring of 2016, finding their highest mark since February 2013, according to the latest report from Ellie Mae. Overall, average closing times in 2016 were the longest since 2012. Read on for more insights from the report.

 

Home prices climb while inventory divesOpen in a New Window

Home prices rose 4.7 percent in December as inventory declined 12.7 percent, according to Redfin, a real estate brokerage. Keep reading to learn more.

 

Housing starts up in DecemberOpen in a New Window

Housing starts showed strength in December, while building permits grew slightly, according to the latest report from the Department of Housing and Urban Development and the Census Bureau.Keep reading to learn more. 

 

House report says Cordray may have violated lawOpen in a New Window

Republicans on the House Financial Services Committee charged in a newly released report that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray might have violated federal law in rulemaking involving larger participants in the consumer auto-lending market.

If the charge were true, it could expose Cordray to being removed from his post under the “for-clause” provision of the Dodd-Frank Act.

“Ignoring the Administrative Procedure Act — a landmark law for ensuring the public is included in rulemaking — is unbecoming of a public servant,” committee member Rep. Randy Hultgren (R-Illinois) told The Title Report.

 

Beige Book releases latest economic forecastOpen in a New Window

Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November through the end of the year.  

Residential and commercial construction activity remains elevated in Cleveland, while New York’s commercial real estate market slackened. 

Keep reading to learn more on the latest Fed observations.

 

DocuSign names new CEOOpen in a New Window

DocuSign named a new CEO who has more than 25 years of executive leadership and experience, including a decade as chairman and CEO at an industry-leading publicly traded company.

The company’s previous CEO, Keith Krach, will continue in his role as chairman of DocuSign’s board of directors.

Keep reading to learn more about the new leadership.

 

Austin law firm adds real estate expertOpen in a New Window

The law firm of Stahl, Bernal, Davies, Sewell & Chavarria has named a new partner. He will focus on all aspects of commercial real estate transactions. Keep reading to learn more. 

 

Builder confidence holds firm in JanuaryOpen in a New Window

Builder confidence in the market for newly built single-family homes remained on firm ground in January, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Read on to learn more. 

 

CFPB accepting board, council applicationsOpen in a New Window

To be sure that it hears from a variety of experts with diverse viewpoints, the Consumer Financial Protection Bureau set up several committees — three of which will have vacancies this fall. Read on to learn more. 

 

WACO Title acquires abstract companyOpen in a New Window

 WACO Title has expanded its reach in the central Arkansas market after announcing the purchase of an abstracting company.

Longtime industry veteran Harry Allen, a longtime veteran of the Arkansas title and closing industry, will continue to manage the office, according to details of the announcement.

Keep reading to learn more about the January acquisition.

 

Businesses report rise in fraud, riskOpen in a New Window

Fraud, cyber and security incidents are now the “new normal” for companies across the world, according to executives surveyed for the 2016-17 Kroll Annual Global Fraud and Risk Report.

More than three-quarters of executive reported their companies fell victim to fraud in the past year rose, up significantly from recent years, highlighting the escalating threat to corporate reputation and regulatory compliance.

Cyberincidents were even more commonplace. Read on to find out how prevalent they were, and who the report said were the most common perpetrators of incidents.

 

Integrity Title expands title plant coverageOpen in a New Window

Hidalgo, San Patricio and several other Texas counties now are available for access from Integrity Title Records. 

Operations Manager Sonny Livesay said these areas are key to expanding the agency’s services in South Texas.

Read on to learn more about the areas which will be made available.

 

Longtime Stewart leader retiresOpen in a New Window

Agency Executive Vice President George Houghton has announced he will be retiring at the beginning of April 2017 after a 35-year association with Stewart, 19 as a Stewart employee. Keep reading to learn more.

 

Fort Myers Title welcomes new closing processorOpen in a New Window

The Title Junction family continues to grow as it welcomes a new closing processor. Read on to learn more about her.

 

NJ law firm expands real estate groupOpen in a New Window

Scarinci Hollenbeck, a regional business law firm, has expanded with the addition of two attorneys to its commercial real estate law practice. Read on for more details about the new hires.

 

Trump meets with potential Cordray replacementOpen in a New Window

There has been much debate over the future of the Consumer Financial Protection Bureau (CFPB) since president-elect Donald Trump won the election.

Republican senators have called for Cordray to be fired, while House Democrats are defending him and the bureau, listing its accomplishments.

Read on to learn more about the potential future of the bureau’s leader.

 

House passes Small Business Regulatory Reform measureOpen in a New Window

The U.S. House of Representatives passed the Small Business Regulatory Flexibility Improvements Act of 2017.

It was introduced by Small Business Committee Chairman Steve Chabot to force federal regulators to take the economic effects to small businesses into consideration when drafting legislation.

Keep reading to learn more.

 

NATC realigns geographic regionsOpen in a New Window

North American Title Co. (NATC) has realigned its geographic regions and filled a new position of area president for Arizona, Nevada and Utah.

The new area president has worked in the region and will report to Dia Demmon, president of the newly renamed Western Region, which includes California.

Keep reading to learn more.

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