Industry News

Before the comment period closed on proposed regulations to implement the California Consumer Privacy Act (CCPA), four mortgage and banking associations issued a joint comment letter to Attorney General Xavier Becerra, seeking clarifications in order to enhance compliance for financial institutions. Read on for more details.

Many companies in the title industry swear by SOC 2 certifications. However, title companies and underwriters should know that enhanced requirements by the American Institute of CPAs (AICPA) have made the audit examinations more challenging. Read on to learn more about the new requirements, including a question that asks companies for evidence of subscriptions to industry related publications.

After a strong response to the October Research 20th Anniversary Sweepstakes, we now reveal the winners, including the winner of our complimentary registration to the 2020 National Settlement Services Summit. Read on for more.

MISMO has issued its Taxpayer Consent Language, which permits lenders to share tax information received from the Internal Revenue Service (IRS) with other parties involved in a mortgage transaction. Read on for more details.

MISMO has issued new templates for closing instructions, focused on the format and organization of the closing instructions. Read on for more details.

Moody’s Investors Service issued an issuer comment indicating that a malware attack on Pitney Bowes Inc. was credit negative, but further noted that there were no immediate impact on the ratings. Read on for more details.

Fannie Mae recently issued a whitepaper titled, “Without Data Standards, the Mortgage Industry Doesn’t GO Digital,” highlighting the importance of data standards, such as those issued by the Mortgage Industry Standards Maintenance Organization, in moving toward digital mortgages. Read on for more details.

Moody’s Investor’s Service did an in-depth study of the impact ransomware attacks have had and could have on local governments, highlighting the importance of IT investment and response planning. Read on for more details.

The Coalition to Stop Real Estate Wire Fraud announced a new partner in the battle against mortgage closing scams and real estate wire fraud. Read on for more details.

The American Land Title Association’s Real Property Records Committee released a whitepaper titled “Privacy, Redaction, and Public Land Records,” giving guidance regarding the redaction of personal information in the public land records. Read on for more details.