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Title industry weighs in on TRID re-proposal
Posted Date: Tuesday, November 1, 2016
Earlier this year the Consumer Financial Protection Bureau (CFPB) proposed updates to its TILA-RESPA Integrated Disclosure (TRID) rule.
The proposal was followed by a comment period ending Oct. 18. Many in the industry were disappointed the TRID forms will not change. Others were concerned that the simultaneous disclosure issues wasn’t addressed.
Read on to learn more.
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Strong refinance market drives results for First American
Posted Date: Thursday, October 20, 2016
First American Financial Corp. reported a 9 percent increase in revenue in the third quarter compared with last year in its latest earnings report.
This is in part because of a 49 percent increase in refinance orders, according to CEO Dennis J. Gilmore.
Read on to learn more.
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Old Republic reports strong title earnings
Posted Date: Friday, October 28, 2016
Old Republic International Corp. reported improved consolidated results for the latest quarter and year-to-date periods, with a strong performance from the title insurance group helping lead the way.
In each of these periods Old Republic’s General Insurance segment posted lower operating earnings because of lessened underwriting profitability.
Keep reading to learn more.
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Stewart’s posts huge profit gains in third quarter
Posted Date: Thursday, October 20, 2016
Stewart Information Services almost tripled its net income from a year ago, according to its third quarter earnings report.
Reporting quarterly earnings just two days after announcing an agreement with a pair of activist investors, Stewart reported a 13.2 percent gain in its title segment revenues from the previous quarter.
Read on for all the details.
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LGBT community to host online workshops
Posted Date: Sunday, October 30, 2016
The National Association of Gay & Lesbian Real Estate Professionals (NAGLREP) will post its first 45-minute online workshop on the Virtual Counselor Network website Nov. 2.
It is part of a series, Project HOME: Homeownership Opportunities Made Equal, to educate first time homebuyers and low-to-moderate income homebuyers in the LGBT community.
Keep reading to learn more.
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Residential real estate activity expands, Beige Book says
Posted Date: Thursday, October 20, 2016
According to the latest Beige Book, most Federal Reserve Districts incidcated a modest or moderate pace of expansion the last few months.
The Title Report pulled the information for the construction and real estate industries as well as banking and finance.
Keep reading to learn more.
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Kensington Vanguard’s grows in Colorado
Posted Date: Friday, October 28, 2016
Kensington Vanguard National Land Services, an independent title insurance and settlement agency, has tapped an industry veteran to lead the recently launched office in Edwards, Colo.
The new addition is a familiar face to the area and will lead the company’s business along the Western Slope in Colorado.
Keep reading to learn more.
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Mortgage Contracting Services acquires Lenders Title Solutions
Posted Date: Sunday, October 23, 2016
Mortgage Contracting Services, LLC is expanding its ability to serve its mortgage industry clients with the acquisition of Lenders Title Solutions.
The company, which currently has a staff of 102, will retain the Lenders Title Solutions name.
Keep reading to learn more.
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Arkansas Title expands, offers new technology
Posted Date: Tuesday, October 25, 2016
Arkansas Title, a newly formed subsidiary of JH Title Group, will be opening offices in Maumelle and Bentonville with further expansion into Arkansas in the immediate future.
It intends to counter the stigma that most title businesses are old –fashioned.
Read on to learn more.
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WFG acquires Columbia Title
Posted Date: Tuesday, October 18, 2016
WFG National Title Company of Clark County Wash., LLC acquired Columbia Title Agency.
The team Columbia Title team will stay on.
Keep reading to learn more.
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Title revenue slows for IBERIABANK
Posted Date: Tuesday, November 1, 2016
IBERIABANK Corp. reported lower title revenues in the third quarter as mortgage income slowed.
Title revenue decreased 2.2 percent from the second quarter of 2016 to the third quarter and was down 9.4 percent year-over-year.
Keep reading to learn more.
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Ernst becomes official Ellie Mae partner
Posted Date: Tuesday, October 25, 2016
Ernst Publishing Co. has partnered with Ellie Mae to provide closing cost data through a secure integration. Read on to learn more.
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First eClosing in North Carolina a success
Posted Date: Tuesday, October 25, 2016
Residential Mortgage Corp. and Pavaso teamed up to give one disabled veteran a more comfortable closing experience by enabling her to have the state’s first hybrid electronic closing (eClosing).
Pavaso told The Title Report the transaction went smoothly and the closing was completed in 10 minutes.
Read on to learn more.
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NTC launches Assignment Verification Xpress
Posted Date: Sunday, October 23, 2016
Nationwide Title Clearing (NTC), a post-closing services provider launched a new, shortened version of the company's popular Assignment Verification Report (AVR), called the AVXpress.
The new streamlined report contains everything an AVR contains without the keyed report, the company said.
Read on to learn more.
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RedVision completes SOC 2
Posted Date: Tuesday, November 1, 2016
RedVision announced the successful completion of its SOC 2 Type 2 audit. Read on to learn more.
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MBA: Purchase originations at $1.1 trillion in 2017
Posted Date: Sunday, October 30, 2016
The Mortgage Bankers Association (MBA) is forecasting $1.1 trillion in purchase mortgage originations during calendar year 2017, an 11 percent increase from 2016. Read on to learn more.
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Moody’s upgrades Old Republic debt rating
Posted Date: Tuesday, November 1, 2016
Moody’s Investors Service has upgraded the senior debt ratings of Old Republic International Corp.
The upgrade of ORI’s debt ratings is prompted by ORI’s progress in stabilizing the runoff of its legacy mortgage insurance (MI) operations and our expectation of continuing steady declines in these long-term liabilities.
Read on to learn more.
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First-time buyers, women dominate NAR survey
Posted Date: Tuesday, November 1, 2016
The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. Keep reading to learn more.
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Pending home sales edge up in September
Posted Date: Sunday, October 30, 2016
Pending home sales shifted higher in September following August’s notable dip and are now at their fifth-highest level over the past year, according to the National Association of Realtors. Read on to learn more.
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October home sales dip, Ten-X Nowcast says
Posted Date: Sunday, October 30, 2016
Ten-X released its latest Residential Real Estate Nowcast indicating a slight decrease in October home sales. Read on to learn more.
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FAF: Outlook for refinance transactions increases
Posted Date: Tuesday, October 25, 2016
First American Financial Corp., announced that the First American Real Estate Sentiment Index (RESI) for the third quarter of 2016 found market production increased 7.6 percent this past quarter as compared with a year ago. Read on to learn why.
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South Dakota adopts eRecording
Posted Date: Tuesday, October 25, 2016
Simplifile will begin electronically recording property records in seven South Dakota counties for the first time.
This follows a recent decision by the state authorizing local register of deeds offices to accept electronically submitted documents.
Read on to learn more.
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CSC adds 52 counties in third quarter
Posted Date: Sunday, October 23, 2016
Corporation Service Co. (CSC), a provider of electronic document recording (eRecording) industry, has announced the addition of 52 new counties in 24 states to their portfolio in the third quarter of 2016. Read on to learn more.
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First-time buyers steer existing-home sales
Posted Date: Sunday, October 23, 2016
Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in more than four years, according to the National Association of Realtors. Read on to learn more.
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Fannie Mae says economy good, not great
Posted Date: Thursday, October 20, 2016
Consumer spending retreated in August for the first time since January and the personal saving rate ticked up, suggesting consumers are feeling increasingly cautious, according to Fannie Mae’s Economic and Strategic Research Group’s Economic and Housing Outlook. Read on to learn more.
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zipLogix, ShortTrack integrate platforms
Posted Date: Thursday, October 20, 2016
ShortTrack has partnered with zipLogix to allow users to securely send data and documents to their preferred title agency. Read on to learn more.
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