|
|
  UPL committee seeks ruling that closings constitute practice of lawWednesday, June 20, 2018 Based on a complaint by an attorney that the notary who conducted the closing engaged in the unauthorized practice of law, the Rhode Island Supreme Court Unauthorized Practice of Law Committee conducted investigational hearings and issued a committee report. Now the committee seeks the Rhode Island Supreme Court to rule whether the closing was the unauthorized practice of law. Read on for more details. |
 FNTG National Agency President tells NS3 audience about GTOsWednesday, June 20, 2018 In May, The Legal Description learned that FinCEN issued a new Geographical Targeting Order (GTO) that took effect May 21, 2018. At the National Settlement Services Summit (NS3) in Detroit on June 7, Steven Day, president National Agency Operations, Fidelity National Title Group and president of the American Land Title Association, participated in an underwriter panel and discussed the latest GTO.
Day and WFG Executive Chairman and founder Patrick Stone offered their insight and suggestions to attendees on how to move forward with impacted transactions.
Read on for more on what they had to say. |
 CFPB nominee gets mixed reviews, signals more of the sameWednesday, June 20, 2018 A statement by a White House deputy press secretary regarding the pending nomination of a relatively unknown as director of the Consumer Financial Protection Bureau caused quite a stir over the weekend. Those stirrings became vocal support and opposition on Monday after the president announced his intent to nominate an associate director of the Office of Management and Budget as the next director of the CFPB. But will the nomination create any change for the industry? Industry insiders weighed in on the effect of the nomination. |
Washington state proposes title rating organization regulation Wednesday, June 20, 2018 The Washington Office of the Insurance Commissioner has proposed a regulation designed to implement a new law allowing for the creation and establishment of title insurance rating and advisory organizations in the state. Read on for more details.
RESPRO comment letter highlights AfBA, title issues Wednesday, June 20, 2018 The Real Estate Services Providers Council issued a letter on June 18, in response to the Consumer Financial Protection Bureau’s request for information on its adopted rules. Read on for what the association had to say.
California attorney sentenced for short sale fraud Wednesday, June 20, 2018 A Modesto, Calif., real estate attorney was sentenced to prison for a fraudulent short-sale scheme he created to keep properties he owned that were significantly in default in order to avoid foreclosure. Read on for more details.
 Third Circuit hears RICO suit against LandAm 1031 exchange Monday, June 18, 2018 The Third Circuit U.S. Court of Appeals heard a couple’s Racketeering Influenced and Corrupt Organization (RICO) Act suit against Fidelity National Title Insurance Co. and Commonwealth Land Title Insurance Co., as successors to LandAmerica and its 1031 exchange arm, which filed bankruptcy after the financial crisis in 2008. Read on for more details.
 Policy holder seeks claim losses after suitMonday, June 18, 2018 After becoming involved in a bankruptcy litigation regarding mechanic’s lien claimants, a company that provided a loan for improvements on a resort on the California/Nevada border sought indemnity from its title insurer. The title insurer provided counsel to defend the company, but did not indemnify it. When the settlement check the company received was short, it filed suit against the title insurer for breach of contract, as well as violations of the Texas Insurance Code. The title insurer moved to dismiss the Texas Insurance Code claims.
North Carolina considers deed solicitation, real property ownership bill Monday, June 18, 2018 The North Carolina General Assembly is considering a bill that would regulate the solicitation of a fee in exchange for copies of recorded documents, as well as make corrections and amendments to various statutes impacting real property ownership. Read on for more details.
FTC, others announce small business scam initiativeMonday, June 18, 2018 The Federal Trade Commission, jointly with the offices of eight state Attorneys General, the New York Division of the U.S. Postal Inspection Service, two U.S. Attorneys’ Offices and the Better Business Bureau, announced the results of Operation Main Street: Stopping Small Business Scams, a law enforcement initiative targeting operations seeking to defraud small businesses, and an education outreach effort to help small businesses protect themselves from fraud.
 Judge orders stay of rate reduction in NYSLTA case Friday, June 15, 2018 The New York State Land Title Association received a victory in its case against the New York State Department of Financial Services after a hearing June 14. The judge in the case ordered an interim stay on a provision of Reg 208 that would require title insurers to submit a rate filing that provides for a 5 percent rate reduction. Read on for more details.
 Can Fannie Mae’s interest be extinguished by foreclosure? Wednesday, June 13, 2018 Fannie Mae recently filed suit after property in Nevada was sold at a nonjudicial foreclosure sale. It had acquired the loan and became a beneficiary under the deed of trust sometime after the loan had been made by IndyMac Bank. Read on for more details.
|
Take our current Poll
|
How are you addressing lender liability concerns? Your Comments:
|
| |
 |
Recent Webinar
| PHH: Now We Know |
 Join Loretta Salzano, Founding Partner at Franzén and Salzano and Brian Levy, Of Counsel, Katten & Temple as they break down what this verdict means and what the future holds for referral partnerships. |
|
| PUBLICATIONS | WEBINARS | SPECIAL REPORTS |
|