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The Title Report Print Edition
October 20, 2014
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Title industry reacts to Wells Fargo announcement
Posted Date: Wednesday, October 15, 2014
So far, many in the industry don’t seem surprised and were prepared for the announcement.
“I have been following the new HUD proposal for a long while now and have attended many information sessions on the new HUD and the new CFPB best practices that are being implemented next August as well, so I was not surprised by this announcement,” Sojo Title Agency Operations and Title Manager Katie McKinney said.
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CATIC expands educational offerings to its agents
Posted Date: Sunday, October 12, 2014
The Connecticut Attorney’s Title Insurance Co. (CATIC) is improving the competitiveness of its agents by widening its educational offerings. Recently, the title insurance underwriter hosted its first agent forum, attracting more than 500 people.
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Florida’s top two in title join forces
Posted Date: Thursday, October 2, 2014
The HT family of companies is the parent company to several full-service title agencies in the Tampa Bay area and operates the brands of Hillsborough Title, Paramount Title, Tampa Bay Title, Homeplus Title and Cornerstone Title. It’s among the top 1 percent of all the title agencies in the state, according to CoreLogic.
Hillsborough Title and HomePlus Title join forces
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Greater Illinois Title adds Greater Indiana Title
Posted Date: Monday, September 29, 2014
The wholly-owned subsidiary of Greater Illinois Title Co. has opened its main office in Merrillville and closings locations in Munster, Valparaiso and St. John. With 16 locations in Illinois, these four make an even 20 locations in two states.
“It was an easy transition,” Gregory Kosin told The Title Report.
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A.M. Best upgrades Old Republic ratings
Posted Date: Tuesday, October 7, 2014
A.M. Best upgraded ratings of certain subsidiaries of Old Republic International Corp., including the Old Republic Title Insurance Group.
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Realogy acquires title company in Pennsylvania
Posted Date: Monday, October 6, 2014
Realogy Holdings Corp. announced strategic acquisitions in Harrisburg and Lancaster, Pa., by its subsidiaries NRT LLC and Title Resource Group, including Realty Select a residential brokerage and property management operation.
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Demotech assigns FSR to First Atlantic Title
Posted Date: Thursday, October 2, 2014
First Atlantic Title Insurance Co. of Virginia Beach, Va. earned a financial stability rating (FSR) of S, Substantial, from Demotech Inc.
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Ellie Mae completes acquisition of AllRegs
Posted Date: Thursday, October 2, 2014
Ellie Mae, a provider of innovative on-demand software solutions and services for the residential mortgage industry announced the completion of its acquisition of AllRegs, an information provider for the industry.
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Survey: Smallest companies face biggest compliance challenges
Posted Date: Monday, September 29, 2014
Habif, Arogeti & Wynne LLP conducted the first national survey to fully understand the impact of regulatory changes imposed by the Dodd-Frank Act through the Consumer Financial Protection Bureau. The report reveals the current state of the title and settlement industry and identifies key trends, challenges and opportunities related to compliance.
The survey, conducted in April, included 176 companies across the nation that varied in size by revenue from settlement of residential mortgages.
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North Title to open four more locations in 2015
Posted Date: Monday, September 29, 2014
Title Inc. plans to expand in Minnesota with four more locations by the end of the 2015. Executive Closer Kristen Christie told The Title Report North Title is growing fast.
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Adeptive adds training specialists
Posted Date: Thursday, October 2, 2014
Adeptive, the privately owned creator of ResWare, added two training specialists. Keep reading to learn more.
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RedVision adds sales expert to senior staff
Posted Date: Tuesday, October 7, 2014
RedVision, an independent nationwide provider of real property title data, search examination and curative-ready solutions, appointed Leanne Zinn-Cox to serve as executive vice president of sales and marketing.
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Old Republic adds national underwriting counsel
Posted Date: Tuesday, October 7, 2014
Old Republic National Title Insurance Co. appointed a new vice president and national underwriting counsel to underwrite commercial title insurance risk of more than $25 million and provide legal and business advice.
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MBA appoints CFO, vice president
Posted Date: Thursday, October 9, 2014
The Mortgage Bankers Association appointed a new chief financial officer along with a vice president of research and economics. Keep reading to find out who they are.
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Reality TV stars sentenced to prison for fraud
Posted Date: Monday, October 6, 2014
Two of the stars of the TV show “The Real Housewives of New Jersey” were sentenced Oct. 3 to prison terms for committing a string of crimes as part of a long-running financial fraud conspiracy.
U.S. Attorney Paul Fishman released a statement saying Teresa Giudice and her husband Giuseppe “Joe” Giudice of Towaco, N.J., were sentenced to 15 months and 41 months in prison, respectively.
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New HELOC report shows equity loans up 21 percent
Posted Date: Thursday, October 9, 2014
RealtyTrac, a source for comprehensive housing data, released its first Home Equity Line of Credit Trends Report.
RealtyTrac Vice President Daren Blomquist told The Title Report, “The primary impetus for this report was availability of the data. Previously we have not had access to mortgage data, but we recently acquired record-level mortgage data nationwide, and so wanted to bring more awareness in the marketplace of trends in that data. We started with HELOCs in part because those are an interesting part of the marketplace right now as homeowners regain equity and return to this loan product that largely was in hibernation over the past two years.”
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Home price appreciation slows
Posted Date: Monday, September 29, 2014
Residential home prices continued to rise in August, RealtyTrac reported. Read on to see how much prices rose compared with a year ago.
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Black Knight names chief technology officer
Posted Date: Thursday, October 9, 2014
The data and analytics division of Black Knight Financial Services appointed a chief technology officer out of the Irvine, Calif., office.
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Lighthouse, industry experts respond to CFPB enforcement
Posted Date: Wednesday, October 8, 2014
The Consumer Financial Protection Bureau (CFPB) on Sept. 30 announced a consent order and $200,000 penalty against Lighthouse Title Inc. for what the bureau called “illegal quid pro quo referral agreements.” According to the bureau, Lighthouse Title – a personal, business, life and title insurance provider in Holland, Mich. – violated RESPA by “providing something of value to any person with an agreement or understanding that the person will refer real estate settlement services.”
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Stewart Title adds to commercial services center
Posted Date: Monday, October 6, 2014
Stewart Title Commercial Services appointed a manager at its Los Angeles center. He will be responsible for growing the company commercial business company-wide.
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Republic Title welcomes two to MacArthur team
Posted Date: Thursday, October 2, 2014
Republic Title of Texas expanded its MacArthur branch staff to better serve the Coppell, Irving, Valley Ranch, Hackberry Creek, La Villita and Las Colinas communities.
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