Topics

The Oklahoma legislature has introduced a bill that would allow title insurance companies to execute affidavits to release mortgages from the county records under certain circumstances. Read on for more details.

After paying out claims on five title policies on transactions signed by a fraudulent signer, a title insurer sued the notary that notarized the five signatures, alleging that the notary had negligently notarized the documents. The case eventually went before the Fourth Appellate District Court of Appeal of California.

The buzzword around the industry for the last few years has been lender liability. What does that mean, however? What areas lenders are concerned about and what can agents do to alleviate those concerns?

A property manager and real estate agent was sentenced to 22 months in prison for his role in a mortgage fraud scheme arising from the purchases of more than 40 properties in New Haven, N.J.

The New York Assembly has introduced a bill that would amend state law so that New York-domiciled licensed title underwriters are assessed on the net premiums retained on policies issued for property located within the state of New York. Read on for more details.

The Consumer Financial Protection Bureau finalized two minor modifications to the “Know Before You Owe” mortgage disclosure rules. The changes, which were proposed in October 2014, address when consumers will receive updated disclosures after locking in an interest rate, and how consumers receive information regarding certain construction loans.

Over the last few years, the term lender liability has been floated around frequently among members of the title industry. Lenders are under immense scrutiny, while at the same time trying to implement policies and procedures to comply with an ever-changing regulatory landscape. It can be unclear what is expected of title agents who want to continue to receive business from their lender clients. During a session at the Louisiana Land Title Association’s annual convention, Marx Sterbcow, managing attorney at the Sterbcow Law Group, and Charles Cain, senior vice president and agency manager for the Midwest region at WFG National Title Insurance Co., provided some insight into why lenders are concerned about their liability.

A former title agency operator from Belvidere, N.J., pleaded guilty to a mortgage fraud conspiracy totaling more than $3.7 million. Read on for more details.

The North Dakota Legislative Assembly is considering a bill that amends the state’s law regarding lien priority. Read on for more details.

The Indiana General Assembly is considering a bill that any time after a judgment is entered in a foreclosure action, a purchaser or an omitted lienholder may bring a civil action to determine the omitted lienholder’s interest and determine the amount of the proceeds of the sale the omitted lienholder is entitled to. Read on for more details.