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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.


 

 

Department of Labor appeals injunctionOpen in a New Window

In response to a nationwide temporary injunction by the United States District Court Eastern District of Texas’ Judge Amos Mazzant, the Department of Labor has filed an appeal in the Fifth Circuit Court. 

 

Fidelity National Title Group names New Jersey state managerOpen in a New Window

Fidelity National Title Group named a new vice president and New Jersey state manager. Read on to learn more. 

 

Freddie Mac approves six for eMortgagesOpen in a New Window

Six companies have been granted full or provisional approval by Freddie Mac to conduct eMortgages and handle eNotes, the agency announced. Freddie Mac has been purchasing eMortgages since 2005, and the companies it listed meet the agency’s requirements for creating, signing and storing eNotes.

Read on for more details about the companies.

 

 

Beige Book: Economy expands across most regionsOpen in a New Window

The Federal Reserve reported economic growth from nearly all of its 12 Districts in its latest Beige Book report. The report covers time from early October through mid-November.

In the report, the New York District reported flat economic activity since the last report, while the remaining 11 Districts reported various levels of overall growth.

Read on for details of the economic conditions from the Districts, along with a look at housing and banking conditions across the country.

 

 

Refinances up 16 percent in quarterOpen in a New Window

ATTOM Data Solutions released its Q3 2016 U.S. Residential Property Loan Origination Report, showing more than 1.9 million loans were originated on U.S. residential properties in the third quarter of 2016. Keep reading to learn more.

 

Ten-X Nowcast: November home sales to decreaseOpen in a New Window

Ten-X released its latest Ten-X Residential Real Estate Nowcast, which indicates a slight decrease in November existing home sales. Read on to learn more.

 

loanDepot announces acquisitionOpen in a New Window

loanDepot has completed the acquisition of one national title, escrow and settlement company and it has entered into a definitive agreement to acquire its affiliate.

The affiliate transaction is expected to close in the second quarter of 2017, pending regulatory approval.

Keep reading to learn more about loanDepot’s plans.

 

New residential sales up in OctoberOpen in a New Window

The Department of Housing and Urban Development and the Census Bureau released its latest report on sales of new single-family houses in October 2016. Read on to learn more.

 

Blackstone enters title insurance industryOpen in a New Window

A subsidiary of private equity giant Blackstone Group has moved into the title insurance space, announcing the acquisition of a North Carolina-based company.

Terms of the acquisition were not announced, but the deal has closed, and it is not expected to impact daily operations or staffing across the title company’s 18 service locations.

Read on for details of the purchase, along with reaction from both sides.

 

First National Title shows strong revenue, profitsOpen in a New Window

First National Title Insurance Co. (FNTI) reported its results through the first nine months of 2016, showing that as the business has grown every quarter since 2012, the trend continued in the third quarter of 2016.

“I am very pleased with the progress we are making towards expanding our independent agent revenue,” President Chris Phillips said in a news release. 

Read on for details of FNTI’s report.

 

A.M. Best reviews AmTrust TitleOpen in a New Window

AmTrust Title Insurance Co. (ATIC) has received good reviews from credit rating agency A.M. Best. A.M. Best announced it assigned the company a Financial Strength Rating and a Long-Term Issuer Credit Rating.

AmTrust Title President Jason Gordon said the ratings confirmed the company’s status as a “stable and secure title insurance company.”

Read on for details of the ratings and to see what A.M. Best’s outlook is for the firm.

 

Fannie forecasts growth despite uncertaintyOpen in a New Window

In the latest Economic and Housing Outlook report from Fannie Mae’s Economic and Strategic Research Group, modest economic growth still is expected for the remainder of 2016 and 2017, despite federal administration changes that pose new uncertainties about the economy. Read on for details of the report and what Chief Economist Doug Duncan says it means for the economy and the housing industry.

 

Black Knight: Foreclosure starts lowest since 2005Open in a New Window

Black Knight Financial Services Data and Analytics Division reports that October saw the fewest number of foreclosure starts since January 2005, according to its first look at mortgage performance data used in its Mortgage Monitor. Read on for details.

 

WFG’s west names president, CTOOpen in a New Window

Working to “revolutionize the mortgage and real estate process” west, a subsidiary of Williston Financial Group, has named a president and chief technology officer, who are expected to help the company streamline and enhance the mortgage and real estate transaction. Read on to learn more about the hires and the company they will lead.

 

NextDeal passes SOC 2, Type II auditOpen in a New Window

NextDeal announced it has successfully completed a Service Organization Controls (SOC) 2 Type II examination for its Hosting and Automated Marketing System. Keep reading to learn more.

 

North Carolina institutes eClosing pilotOpen in a New Window

North Carolina Secretary of State Elaine Marshall wants the state to be a leader in eCommerce and eClosings.

The state has come one step closer to that goal be implementing a pilot program.

Read on to learn more. 

 

Ellie Mae, Wells Fargo streamline workflowsOpen in a New Window

Ellie Mae announced that joint customers of Wells Fargo Funding and Ellie Mae are actively using new technology workflows to deliver loan data in a streamlined manner.

The companies said that the process eliminates the need to download and upload loan data in multiple locations.

Read on to learn more.

 

Conversations with the C-Suite: WFGOpen 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, plan for the future and what title agents need to know to succeed. In this edition, Editor Tara Quinn spoke with WFG National Title Insurance Company Chairman and CEO Patrick Stone.

 

Lack of affordable inventory curbing home salesOpen in a New Window

First American Financial Corp.’s Potential Home Sales Model for October showed that a combination of rising employment and wages in a low mortgage rate environment are helping boost the housing market. Yet the market is underperforming its potention, in part, because of a shortage of affordable inventory for first-time homebuyers. Read on for details of the report and Chief Economist Mark Fleming’s view of the market.

 

MBA: October purchase applications increaseOpen in a New Window

The Mortgage Bankers Association Builder Application Survey (BAS) data for October 2016 shows mortgage applications for new-home purchases increased 8 percent relative to October 2015. Keep reading to learn more.

 

Overtime rule delayed with injunctionOpen in a New Window

A nationwide temporary injunction has been put in place by the United States District Court Eastern District of Texas’ Judge Mazzant.

The final rule was determined unlawful because of the minimum salary requirement.

Keep reading to learn more. 

 

Changing the value of public informationOpen in a New Window

Public information is becoming more widely available as local jurisdictions share records online. Instead of physically going to Town Hall or even using a title plant, public records are available – often at low cost.

NextAce President and CEO Don Cantral and Title Data’s Chief Operating Officer/Chief Information Officer shared their thoughts during their presentation at ATIM.

Keep reading to learn more.

 

CATIC integrates RamQuestOpen in a New Window

RamQuest, Inc. announced the integration of its Closing Market digital network integration with CATIC. Read on to learn more.

 

ATA National Title Group passes SOC 1 Type 2Open in a New Window

ATA National Title Group, LLC passed the SOC 1 Type 2 audit. Read on to learn more. 

 

Ellie Mae: Refinances increase 47 percentOpen in a New Window

Refinances increased in October, representing 47 percent of all closed loans in the month, according to the latest Origination Insight Report released by Ellie Mae. Keep reading to learn more.

 

Investors acquires University Title Co.Open in a New Window

Investors Title, a publicly traded title insurance company, acquired all the outstanding shares of University Title Co. in College Station, Texas.

University Title will continue to function autonomously and leadership will stay in place, the companies said in announcing the deal. Texas is one of more than 26 states Investors is operational in and 44 it is licensed in across the country. Keep reading to learn more.

 

OCC changes some terms of Wells enforcementOpen in a New Window

In a follow up to Wells Fargo’s recent enforcement action from federal and state regulators, the Office of the Comptroller of the Currency informed the bank it is revoking common protections granted to banks in settlements.

The statement from OCC did not include a timetable for how long these provisions would be in place. The revisions were cited as a possible step that could be taken by the OCC in its original enforcement order.

Read on to learn more. 

 

Silk Abstract changes name, CEOOpen in a New Window

Silk Abstract Co. has changed its name to Silk Title and Escrow LLC, has re-domesticated as a Delaware limited liability company, and has appointed a new CEO. Read on to learn more. 

 

No downgrade for Stewart ratings from FitchOpen in a New Window

Although Fitch Ratings affirmed its negative ratings outlook for Stewart Information Services Corp., the ratings agency declined to downgrade the company.

In its latest report, Fitch said it does not believe a ratings downgrade is warranted at this time as capital metrics are still within Fitch’s rating sensitivities.

Still, Fitch said it has seen signs of financial leverage deterioration. Read on for more details of what the ratings agency sees for Stewart’s performance going forward.

 

Equity rich homeowners increase in third quarterOpen in a New Window

ATTOM Data Solutions released its Q3 2016 U.S. Home Equity and Underwater Report. Senior Vice President Daren Blomquist said close to one in every five U.S. homeowners with a mortgage is now equity rich thanks to a combination of rising home prices and lengthening homeownership tenures. Read on to learn more. 

 

Safe Harbor Title opens new officeOpen in a New Window

Safe Harbor Title Co., announced the opening of its new office in Fredericksburg. Keep reading to learn more. 

 

RynohLive announces integrations, grows teamOpen in a New Window

RynohLive, a financial security and fraud prevention software, announced integrations with E-Closing and Close IT Plus. Keep reading to learn more.

 

 

Optimize your consumer complaint processOpen in a New Window

Consumers are more aware and informed shoppers for services than they’ve ever been. It’s not enough for title agents to be recommended by Realtors and lenders; they have to be aware of what consumers see online while they’re doing research.

MCP Title Services, LLC President Elizabeth Russo said commentators are starting to say to the homebuyers where you should be looking for your service provider.

Read on to learn more.

 

Housing affordability edges lower in third quarterOpen in a New Window

Ongoing home price appreciation offset a small decline in mortgage interest rates to move housing affordability slightly lower in the third quarter of 2016, a new report found. Read on to learn more. 

 

Delinquencies, foreclosures decrease in surveyOpen in a New Window

According to the Mortgage Brokers Association, the delinquency rate in the third quarter was the lowest level since the second quarter of 2006. Keep reading to learn more.

 

Holler Law Firm adds managing attorney for closing operationsOpen in a New Window

Holler Law Firm, LLC promoted one its own to managing attorney of closing operations. Read on to learn more. 

 

Companies launch construction title platformOpen in a New Window

Granite Risk Management and Premium Title launched a new construction title platform for residential and commercial construction lenders.

The program is designed to streamline a highly fragmented process and help reduce costs, the companies said in an announcement.

Read on to learn more about how the process is expected to help orders and deliveries for lenders.

 

Fannie: ‘All systems go’ for Fed hikeOpen in a New Window

As the Federal Reserve has reported improvements to the economy and wages over the past three months, the expectation for an imminent rate increase continued to grow.

Just before the election, Fannie Mae released its latest view on what the Fed would do with rates, saying the latest economic data “seals the deal” for the Fed.

Read on to find out what Fannie forecasts, and when.

 

Fitch affirms Fidelity National Financial ratingsOpen in a New Window

Fitch Ratings announced that it affirmed the Issuer Default Rating and the senior unsecured debt at Fidelity National Financial.

Fitch also affirmed the Insurer Financial Strength rating for Fidelity’s title insurance operating company.

The outlook for all the ratings examined by Fitch is stable, the company said. Read on for details of what was behind Fitch’s decisions to affirm Fidelity’s ratings.

 

Snapdocs unveils new technology, resource centerOpen in a New Window

Snapdocs Inc. released a new signing agent verification feature. Pillar 4 of ALTA Best Practices recently was revised to establish standards for managing and engaging third-party signing professionals.

CEO Aaron King told The Title Report Snapdocs has been able to verify them with technology.

Read on to learn more. 

 

National Notary Association explains eNotarizationsOpen in a New Window

The National Notary Association released a whitepaper, “What businesses need to know about eNotarizations: Technology, Trends and Webcams.”

It said the process of performing notarial acts in an electronic environment has reached maturity, along with a high level of trust in the process.

What does that mean for the widespread adoption of eNotarizations? Keep reading to learn more.

 

Fitch affirms First American ratingsOpen in a New Window

Fitch Ratings announced that it affirmed the Issuer Default Rating for First American Financial Corp., as well as the Insurer Financial Strength ratings for all of the First American Title Insurance companies.

The outlook for all the ratings examined by Fitch is stable, the company said.

Read on for details of what was behind Fitch’s decisions to affirm First American’s ratings.

 

WFG expands staff in ArizonaOpen in a New Window

WFG National Title Insurance Co. named a state manager for its retail title operations in Arizona and appointed Al Willey as its vice president, escrow operations in Arizona.

 

Mineral title attorney joins McDonald HopkinsOpen in a New Window

McDonald Hopkins’ Cleveland office added an expert in mineral title law. Read on to learn more.

 

RynohLive names new team memberOpen in a New Window

RynohLive grew its Florida and Texas sales and market team. Read on to learn more.

 

Improve your business with winning workforceOpen in a New Window

Finding and training a winning workforce can be tricky in the title insurance industry because many people aren’t familiar with it, but that doesn’t make it less of a priority.

To learn some tricks of the trade The Title Report invited Nationwide Title Clearing Vice President of Quality Shawn Sorenson and Anderson | Biro Founding Partner Ryan Anderson to share their expertise on a recent webinar.

Keep reading to learn more.

 

PropLogix expands into post-closing servicesOpen in a New Window

PropLogix announced a new service for title agents that will track payoffs after closing, helping to save time and give them peace of mind, CEO Tim Healy said. Read on for the details.

 

CATIC integrated with SoftProOpen in a New Window

SoftPro’s business exchange platform, SoftPro 360, added a new integration with CATIC. Read on to learn more.

 

Small business optimism low, NFIB saysOpen in a New Window

The latest National Federation of Independent Business (NFIB) Small Business Economic Trends report shows small-business owners were rattled by uncertainty in October. Keep reading to learn more.

 

Foreclosures increase September to OctoberOpen in a New Window

ATTOM Data Solutions’ latest Foreclosure Market Report shows foreclosures filings up sharply from a month earlier, but still down from October 2015. Read on for the details. 

 

Small businesses respond to Trump victoryOpen in a New Window

The title industry, which includes businesses of all sizes, has mixed responses to President-Elect Donald’s Trump victory November 8.

The Title Report spoke with Winged Foot’s Chris Black and Greater Illinois Title’s Greg Kosin about Trump’s small businesses strategies.

Keep reading to learn more. 

 

Consumer pessimism on display in Home Purchase Sentiment IndexOpen in a New Window

The Fannie Mae Home Purchase Sentiment Index (HPSI) dipped 1.1 points to 81.7 in October, the third decrease in as many months. Read on to learn more.

 

CoreLogic: Foreclosure numbers declineOpen in a New Window

CoreLogic released its September 2016 National Foreclosure Report, showing the foreclosure inventory declined by 31.1 percent. Read on to learn more. 

 

Builders: Economic, housing activity positive for Q3Open in a New Window

National Association of Home Builders (NAHB) Chairman Ed Brady said although some areas are recovering faster than others, the overall trend for economic and housing activity is positive. Read on to learn more.

 

New president lays out 2017 prioritiesOpen in a New Window

The American Land Title Association (ALTA) has installed H.B. Wilkinson Title Co. President Dan Mennenoh ITP as president for the 2016-2017 year.

He and CEO Michelle Korsmo talked with The Title Report about their priorities and plans for the new year.

Keep reading to learn more. 

 

Passport Title enhances platform capabilitiesOpen in a New Window

Passport Title Services, LLC has added to its technical offerings by adding a new online document sharing and storage tool to its operating platform to support title agents and their clients.

CEO and President John Cotter told The Title Report consumers can check their documents anytime they want.

Read on to learn more.

 

SBA reviews Overtime Final RuleOpen in a New Window

In 2014 President Barack Obama directed the Department of Labor to update its Fair Labor Standards Act’s (FLSA) overtime regulations.

On Dec. 1, the new regulations will take effect.

Read on to learn more.

 

North American Title Co. adds escrow officer in TexasOpen in a New Window

North American Title Co. hired an escrow officer for its Allen, Texas, branch. Read on to learn more about her.

 

Millennials show many patterns in homebuying trendsOpen in a New Window

The industry tracks the homebuying patterns of millennials in many ways.

While Ellie Mae Executive Vice President of Corporate Strategy Joy Tyrrell said millennials are getting more engaged in the market, Fitch Ratings said there are still barriers keeping them from entering the market in a real way.

Read on to learn more.

 

Overall defect index declines, First American saysOpen in a New Window

First American Financial Corp. released the First American Loan Application Defect Index for September 2016.

In September it showed the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications, decreased in the month from the previous month and year.

Keep reading to learn more.

 

Election jitters, small business uncertainty hits all-time highOpen in a New Window

Small-business owners can’t anticipate the direction of the economy, don’t know whether it’s a good time to invest, and aren’t sure whether to hire new workers, according to the latest National Federation of Independent Businesses (NFIB) Uncertainty Index published by President and CEO Juanita Duggan. Read on to learn more. 

 

CBIZ: Small business hiring decreases in OctoberOpen in a New Window

The CBIZ Small Business Employment Index revealed a 1.61 percent month-over-month decrease in small business hiring in October. Keep reading to learn more.

 

Title Resource Group reports positive third quarter earningsOpen in a New Window

Earnings and revenue both were on the rise for Title Resource Group, LLC (TRG) in the third quarter of 2016, according to earnings announced by parent company Realogy Holdings Corp.

Revenue climbed 12 percent in the quarter.

Keep reading to learn more.

 

Revenue, profits climb for FNF in quarterOpen in a New Window

Fidelity National Financial, Inc. reported another strong quarter of revenue and profit growth, led by strength in its title insurance business.

In its title division, FNF reported approximately $1.9 billion in total revenue — a 7 percent increase over the approximately $1.7 billion in total revenue in the third quarter of 2015.

Keep reading to learn more. 

 

Investors announces record-breaking quarterOpen in a New Window

Investors Title Co. announced its results for the third quarter that ended Sept. 30, 2016.

Revenues increased 18.7 percent versus the prior year quarter to an all-time record high of $41 million. “We are very pleased with this quarter’s results,” Chairman J. Allen Fine said.

Read on to learn what drove the company to its highest quarterly revenue and profits in history.

 

Simplifile expands eRecording reach in Q3Open in a New Window

Simplifile released quarterly figures summarizing the organization’s activities and achievements through September 2016.

An additional 47 counties and parishes in 28 states joined the company’s eRecording network during the third quarter of the year.

Keep reading to learn more.

 

Distressed home sales drop to 9-year lowOpen in a New Window

ATTOM Data Solutions, released its Q3 2016 U.S. Home Sales Report, which shows that distressed sales accounted for 12.9 percent of all U.S. single-family home and condo sales, down from 15 percent in the previous quarter. Read on to learn more.

 

RynohLive adds to sales and marketing teamOpen in a New Window

RynohLive appointed a new vice president of sales and marketing for its Southeast division. Read on to learn more.

 

Florida Agency Network completes SOC 1, Type 2Open in a New Window

Florida Agency Network has completed a rigorous third-party examination of its policies and procedures under the Service Organization Controls (SOC) 1 Type 2 standards. Keep reading to learn more.

 

Title industry weighs in on TRID re-proposalOpen in a New Window

Earlier this year the Consumer Financial Protection Bureau (CFPB) proposed updates to its TILA-RESPA Integrated Disclosure (TRID) rule.

The proposal was followed by a comment period ending Oct. 18. Many in the industry were disappointed the TRID forms will not change. Others were concerned that the simultaneous disclosure issues wasn’t addressed.

Read on to learn more.

 

Moody’s upgrades Old Republic debt ratingOpen in a New Window

Moody’s Investors Service has upgraded the senior debt ratings of Old Republic International Corp.

The upgrade of ORI’s debt ratings is prompted by ORI’s progress in stabilizing the runoff of its legacy mortgage insurance (MI) operations and our expectation of continuing steady declines in these long-term liabilities.

Read on to learn more.

 

Title revenue slows for IBERIABANKOpen in a New Window

IBERIABANK Corp. reported lower title revenues in the third quarter as mortgage income slowed. 

Title revenue decreased 2.2 percent from the second quarter of 2016 to the third quarter and was down 9.4 percent year-over-year.

Keep reading to learn more. 

 

RedVision completes SOC 2Open in a New Window

RedVision announced the successful completion of its SOC 2 Type 2 audit. Read on to learn more.

 

RynohLive integrates with ResWareOpen in a New Window

RynohLive has partnered with Adeptive’s ResWare. Read on to learn more.

 

First-time buyers, women dominate NAR surveyOpen in a New Window

The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. Keep reading to learn more.

 

MBA: Purchase originations at $1.1 trillion in 2017Open in a New Window

The Mortgage Bankers Association (MBA) is forecasting $1.1 trillion in purchase mortgage originations during calendar year 2017, an 11 percent increase from 2016. Read on to learn more.

 

Pending home sales edge up in SeptemberOpen in a New Window

Pending home sales shifted higher in September following August’s notable dip and are now at their fifth-highest level over the past year, according to the National Association of Realtors. Read on to learn more.

 

October home sales dip, Ten-X Nowcast saysOpen in a New Window

Ten-X released its latest Residential Real Estate Nowcast indicating a slight decrease in October home sales. Read on to learn more. 

 

LGBT community to host online workshopsOpen in a New Window

The National Association of Gay & Lesbian Real Estate Professionals (NAGLREP) will post its first 45-minute online workshop on the Virtual Counselor Network website Nov. 2.

It is part of a series, Project HOME: Homeownership Opportunities Made Equal, to educate first time homebuyers and low-to-moderate income homebuyers in the LGBT community.

Keep reading to learn more. 

 

Kensington Vanguard’s grows in ColoradoOpen in a New Window

Kensington Vanguard National Land Services, an independent title insurance and settlement agency, has tapped an industry veteran to lead the recently launched office in Edwards, Colo.

The new addition is a familiar face to the area and will lead the company’s business along the Western Slope in Colorado.

Keep reading to learn more.

 

FAF: Outlook for refinance transactions increasesOpen in a New Window

First American Financial Corp., announced that the First American Real Estate Sentiment Index (RESI) for the third quarter of 2016 found market production increased 7.6 percent this past quarter as compared with a year ago. Read on to learn why.

 

Arkansas Title expands, offers new technologyOpen in a New Window

Arkansas Title, a newly formed subsidiary of JH Title Group, will be opening offices in Maumelle and Bentonville with further expansion into Arkansas in the immediate future.

It intends to counter the stigma that most title businesses are old –fashioned.

Read on to learn more.

 

South Dakota adopts eRecordingOpen in a New Window

Simplifile will begin electronically recording property records in seven South Dakota counties for the first time.

This follows a recent decision by the state authorizing local register of deeds offices to accept electronically submitted documents.

Read on to learn more.

 

Ernst becomes official Ellie Mae partnerOpen in a New Window

Ernst Publishing Co. has partnered with Ellie Mae to provide closing cost data through a secure integration. Read on to learn more.

 

First eClosing in North Carolina a successOpen in a New Window

Residential Mortgage Corp. and Pavaso teamed up to give one disabled veteran a more comfortable closing experience by enabling her to have the state’s first hybrid electronic closing (eClosing).

Pavaso told The Title Report the transaction went smoothly and the closing was completed in 10 minutes.

Read on to learn more.

 

NTC launches Assignment Verification XpressOpen in a New Window

Nationwide Title Clearing (NTC), a post-closing services provider launched a new, shortened version of the company's popular Assignment Verification Report (AVR), called the AVXpress.

The new streamlined report contains everything an AVR contains without the keyed report, the company said.

Read on to learn more.

 

HUD, Census Bureau release residential construction activityOpen in a New Window

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the new residential construction statistics for September 2016. Read on to learn more.

 

How redacting identities could concern title industryOpen in a New Window

Address Confidentiality Programs (ACP) are being adopted in many states to protect victims of domestic violence and other residents in need of protection.

Although many want to help these groups, the public record is losing integrity, according to a panel at the Association for Title Information Management (ATIM) Annual Conference.

Keep reading to learn more.

 

CSC adds 52 counties in third quarterOpen in a New Window

Corporation Service Co. (CSC), a provider of electronic document recording (eRecording) industry, has announced the addition of 52 new counties in 24 states to their portfolio in the third quarter of 2016. Read on to learn more.

 

A.M. Best affirms credit ratings of First American Financial Corp.Open in a New Window

A.M. Best has affirmed the Financial Strength Rating for First American Financial Corp. and its subsidiaries. 

The outlook of these credit ratings is stable. 

Keep reading to learn more. 

 

First-time buyers steer existing-home salesOpen in a New Window

Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in more than four years, according to the National Association of Realtors. Read on to learn more.

 

Mortgage Contracting Services acquires Lenders Title SolutionsOpen in a New Window

Mortgage Contracting Services, LLC is expanding its ability to serve its mortgage industry clients with the acquisition of Lenders Title Solutions.

The company, which currently has a staff of 102, will retain the Lenders Title Solutions name.

Keep reading to learn more.

 

Stewart’s posts huge profit gains in third quarterOpen in a New Window

Stewart Information Services almost tripled its net income from a year ago, according to its third quarter earnings report.

Reporting quarterly earnings just two days after announcing an agreement with a pair of activist investors, Stewart reported a 13.2 percent gain in its title segment revenues from the previous quarter.

Read on for all the details.

 

Strong refinance market drives results for First AmericanOpen in a New Window

First American Financial Corp. reported a 9 percent increase in revenue in the third quarter compared with last year in its latest earnings report.

This is in part because of a 49 percent increase in refinance orders, according to CEO Dennis J. Gilmore.

Read on to learn more.

 

Residential real estate activity expands, Beige Book saysOpen in a New Window

According to the latest Beige Book, most Federal Reserve Districts incidcated a modest or moderate pace of expansion the last few months.

The Title Report pulled the information for the construction and real estate industries as well as banking and finance.

Keep reading to learn more.

 

Fannie Mae says economy good, not greatOpen in a New Window

Consumer spending retreated in August for the first time since January and the personal saving rate ticked up, suggesting consumers are feeling increasingly cautious, according to Fannie Mae’s Economic and Strategic Research Group’s Economic and Housing Outlook. Read on to learn more. 

 

zipLogix, ShortTrack integrate platformsOpen in a New Window

ShortTrack has partnered with zipLogix to allow users to securely send data and documents to their preferred title agency. Read on to learn more.

 

PropLogix adds new South Florida account executiveOpen in a New Window

PropLogix named a new account executive for South Florida. Keep reading to learn more.

 

FFIEC issues FAQs on cybersecurity assessment toolOpen in a New Window

The FFIEC issued a frequently asked questions guide related to its cybersecurity assessment tool. 

The guide answers questions and clarifies points in the assessment from the past year, the FFIEC announced.

Read on to learn more.

 

WFG acquires Columbia TitleOpen in a New Window

WFG National Title Company of Clark County Wash., LLC acquired Columbia Title Agency.

The team Columbia Title team will stay on.

Keep reading to learn more.

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12/8/2016
PLTI - Love and Marriage - Tenancies & Marital Rights - KOP - December 8, 2016

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PLTA Western PA Chapter Night Out - December 14, 2016

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