Labor Department finalizes overtime pay rule
Governmental Affairs, Operations
Salaried workers making as much as $47,000 annually will become eligible for overtime by the end of the year, according to new rules finalized by the Department of Labor. The White House says the move will assist workers whose wages have been relatively stagnant in recent years, while news of the move was met with some opposition in the industry. Read on for the details.
AmTrust Financial acquires title company
AmTrust Financial Services, Inc., has completed the acquisition of a New York title company and its subsidiaries. It will be part of AmTrust Title, AmTrust’s expanding title insurance operation. Read on to learn more about the company and the deal.
Rep. French Hill speaks one-on-one with The Title Report
Governmental Affairs, The TRID Journey
One of the leading Congressional advocates for the title and mortgage industries, Rep. French Hill, took time out of his schedule for a one-on-one interview with The Title Report. He talked about confusion that still remains with the TILA-RESPA Integrated Disclosure (TRID) rule, frustrations he and the industry have had with the way the Consumer Financial Protection Bureau (CFPB) has handled the regulation, and the future of the TRID hold-harmless bill that he introduced and passed the House in October. Read on for all the details.
Black Knight Financial Services acquires eLynx
Black Knight Financial Services, Inc. has acquired eLynx, a portfolio company of American Capital Ltd. Black Knight Executive Chairman Bill Foley said this is an exciting step for Black Knight as it announces its first acquisition as a publicly traded company. Read on to learn more.
HOA Solutions curing lien issues for asset holders
To accommodate the industry demand for more homeowner and condo-owner association liens, Chronos Solutions has opened a second location in Rainbow City, Ala., to house the company’s HOA Solutions Group. SVP Duke Odom told The Title Report the surge in demand is due to higher ramifications from legal precedents. Read on to learn more.
Investors Title shows growing profits in first quarter
Industry News, Market Data
Investors Title Co. announced its results for the quarter that ended March 31, 2016. Although revenues for most issuing offices increased from last year, they were offset by reductions in a few larger agencies. Still, profits rose from a year earlier. Read on to learn more.