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Ninth Circuit rules on HOA coverage disputeWednesday, April 17, 2024 The Ninth U.S. Circuit Court of Appeals recently heard an appeal of a district court’s grant of summary judgment to a title insurer on a lender’s claims for coverage under its title policy when its deed was extinguished after a homeowners association enforced its superpriority lien for delinquent assessments. |
Alaska issues CPL bulletin Wednesday, April 17, 2024 The Alaska Division of Insurance issued Bulletin B 24-05, clarifying the filing requirements of a closing protection letter under state law.
Fannie Mae, CFPB make moves on pilot program, junk fee investigation Monday, April 15, 2024 In the latest developments regarding federal title insurance moves, Fannie Mae is seeking to issue a request for proposals to identify potential suppliers for participation in the title acceptance pilot and the Consumer Financial Protection Bureau is seeking information from homeowners on how junk fees are impacting homeowners.
Associations express support for preserving like-kind exchanges Monday, April 15, 2024 Several associations, including the American Land Title Association and Mortgage Bankers Association, wrote to the chairs and ranking members of the House Committee on Ways and Means and Senate Committee on Finance to express their support for preserving the like-kind exchange rules under Internal Revenue Code Section 1031.
Congress issues draft data privacy legislation Monday, April 15, 2024 House Committee on Energy and Commerce Chair Cathy McMorris Rodgers (R-WA) and Senate Committee on Commerce, Science and Transportation Chair Maria Cantwell (D-WA) unveiled the American Privacy Rights Act, which establishes national data privacy rights and protections.
West Virginia man convicted for FHA fraud Monday, April 15, 2024 A federal jury convicted a Scott Depot, W.Va. man of making a false statement to federal agents, willfully overvaluing property on a loan application, and three counts of making a false statement to the U.S. Department of Housing and Urban Development.
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