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 NS3 goes West, industry followsMonday, June 17, 2019 The National Settlement Services Summit (NS3) marks its 15th anniversary this week by heading further west than it ever has. In the Valley of the Sun, the largest crowd yet will gather to hear from the best the industry has to offer over three days at the Arizona Biltmore in Phoenix.
More than 700 attendees representing 340 companies – both records for NS3 – will get to hear from a pair of keynote speakers, a Fireside Chat between title and banking icons, and 59 presenters on subjects affecting all parties in the real estate transaction.
Read on for a preview of what’s to come this week. |
  House committee moves beneficial ownership bill forward Monday, June 17, 2019 Among bills passed during a markup session, the House Financial Services Committee passed H.R. 2513, the Corporate Transparency Act of 2019, bipartisan legislation requiring corporations and limited liability companies to disclose their beneficial owners to the Financial Crimes Enforcement Network. Read on for more details. |
 HUD, Quicken Loans reach resolution Monday, June 17, 2019 The court-appointed mediator assigned to United States v. Quicken Loans (No. 2:16-CV-14050), announced the conclusion and resolution and related suit between Quicken Loans Inc., the United States and the U.S. Department of Housing and Urban Development related to Quicken Loans’ participation on HUD’s Federal Housing Administration lending program. Read on for more details. |
Title insurer seeks enforcement of settlement agreement Monday, June 17, 2019 After filing an adversary proceeding to determine the dischargeability of a debt against a debtor, the parties engaged in settlement discussions and the title insurer argued they entered into a settlement agreement. When it went to the court to enforce the agreement, the debtor argued that the settlement never had been finalized. Read on for more details.
Lender, trustee claim homeowner precluded from filing suitMonday, June 17, 2019 After a man was discharged from bankruptcy, a notice of default and election to sell was executed against his California property. He filed suit against the trustee and lender two days before the planned sale of the property. The judge granted the defendants’ demurrers in that case, but three years later, he filed a similar case against the same defendants. The lender and trustee moved to dismiss. Read on for more details.
Georgia insurance appointment makes history Monday, June 17, 2019 Georgia Gov. Brian Kemp announced an historic appointment in naming Doraville Police Chief and Brigadier General John King the next Georgia Insurance Commissioner and Safety Fire Commissioner. King is the first Hispanic insurance commissioner and statewide constitutional officer. Read on for more details.
 Title agency argues fourth suit barred by res judicataWednesday, June 12, 2019 A law firm and its affiliated title agency moved to dismiss a third-party suit from the owner of New Orleans property, arguing that the owner’s claims are barred by res judicata. The owner was unable to develop the property as planned after third parties won a suit against it, enforcing a 1985 zoning ordinance. The owner had filed suit against the title company and/or law firm three previous times. Read on for more details.
 Foreclosed owner sues sheriff for title charges Wednesday, June 12, 2019 After her property was foreclosed upon and sold at a sheriff’s sale, the former owner of Philadelphia property went about the procedure to receive the excess proceeds from the sale. When she got the proceeds, the attached breakdown of costs included a charge for a title insurance policy. She filed a class action complaint against the sheriff, alleging that the sheriff imposed procedures not required by state rule on her and other foreclosed upon homeowners. Read on for more details.
 Texas adopts privacy amendments, creates council Wednesday, June 12, 2019 The Texas Legislature has adopted a bill to amend its statute relating to the privacy of personal identifying information and breach notifications and created the Texas Privacy Protection Advisory Council. Read on for more details.
Michigan considering foreclosure notice changes Wednesday, June 12, 2019 The Michigan Legislature is considering a bill that would amend the Revised Judicature Act to require a notice of foreclosure by advertisement to include certain new information. Read on for more details.
Title insurance rate bill signed by governorWednesday, June 12, 2019 Texas Gov. Greg Abbott signed legislation regarding hearings concerning title insurance rates and other matters relating to regulating the business of title insurance. The bill goes into effect Sept. 1. Read on for more details.
Illinois businessman indicted for bank fraud, ID theftWednesday, June 12, 2019 A north Illinois suburban businessman has been indicted on bank fraud and identity theft charges for allegedly fraudulently obtaining millions of dollars in mortgage and vehicle loans and using stolen identities to secure credit from financial institutions. Read on for more details.
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