News By Edition

The Georgia General Assembly is considering legislation that would allow for remote notarizations in the state. Read on for more details.

The Court of Special Appeals of Maryland heard an administrative appeal from the Maryland Insurance Administration relating to the denial of coverage to the insured. The insured sought coverage and litigation expenses from their title insurer under the provision protecting against a lack of a right of access, due to a dispute with their neighbors over the use of a shared driveway leading to their properties. Read on for more details.

The Maryland General Assembly is considering the Foreclosure Relief Act of 2021, which would prohibit mortgage servicers from commencing or completing an action to foreclose a mortgage or deed of trust during a state of emergency and catastrophic health emergency under certain circumstances. Read on for more details.

The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned evictions, as well as forbearances. It also said it was extending several loan origination flexibilities. Read on for more details.

The Oklahoma State Legislature is considering legislation that would permit certified copies to be made in accordance with the Uniform Real Property Electronic Recording Act. Read on for more details.

First American Data & Analytics, a division of First American Financial Corp., launched its AppIntelligence Score fraud solution, a fraud pattern-recognition score that enables high-volume lenders and investors to more precisely identify the risk of fraud and early payment default. Read on for more details.

After a lender discovered it didn’t have a secured priority interest in property used to secure its loan, the lender filed a claim with its title insurer. The title insurer denied the claim and the lender filed suit. When the trial court granted the insurer’s motion for judgment on the pleadings, the lender appealed. Read on for more details.

New York Gov. Andrew Cuomo announced the findings of a state investigation of redlining in Buffalo, N.Y. by the Department of Financial Services, as well as a settlement with a nonbank lender. Read on for more details.

After being appointed acting director of the Consumer Financial Protection Bureau, Dave Uejio wrote a letter to staff outlining his priorities. Read on for more about Uejio’s priorities.

The Wyoming Legislature is considering a bill that would establish procedures for removing unenforceable restrictive covenants for real property. Read on for more details.

The New York State Department of Financial Services (DFS) issued a new Cyber Insurance Risk Framework, which outlines industry best practices for state-regulated property/casualty insurers that write cyber insurance to effectively manage their cyber insurance risk. Read on for more details.

A federal grand jury indicted a real estate developer and three others for allegedly participating in a mortgage fraud scheme that defrauded financial institutions out of at least $3 million. Read on for more details.

The plaintiffs in a kickback class action filed a motion for reconsideration after the U.S. District Court for the District of Maryland dismissed its case alleging a lender accepted illegal kickbacks from a title agent. Read on for more details.

The New York Assembly is considering a bill that would require notaries public and commissioners of deeds to complete and retain certain documents relating to the transfer of residential real property. Read on for more details.

The Wyoming Legislature is considering legislation that would specify records-retention policy for title agents and insurers and specify duties of title agents during closing transactions. Read on for more details.

A title insurance company has agreed to pay the California Department of Insurance $50,000 to resolve allegations one of its employees violated state law that protects consumers from conflicts of interest in real estate transactions. Read on for more details.

A Troy, Mich.-based commercial real estate broker and investor was charged with devising and executing a scheme to obtain money by means of false material promises and representations from victim-investors. To help facilitate the fraud, he allegedly created a fake title company and told victims to wire transfer money into the fake title company’s bank account. Read on for more details.

Louisiana Insurance Commissioner Jim Donelon appointed a new executive counsel and a new deputy commissioner of public affairs. Read on for more about these new hires.