Rep. Mel Watt confirmed as FHFA director
In a 57-41 vote, the Senate confirmed Mel Watt to serve as the director of the Federal Housing Finance Agency (FHFA). He replaces Acting Director Ed DeMarco.
Watt, a Congressman representing North Carolina’s 12thDistrict, was nominated by President Barack Obama to lead the FHFA on May 1. During his tenure, Watt served on the U.S. House Financial Services Committee and was an advocate for the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Fidelity National Financial explores strategic alternatives to portfolio company investments
Fidelity National Financial, a provider of title insurance and transaction services to the real estate and mortgage industries, is identifying strategic alternatives for its portfolio company investments.
Entrust Solutions gives lenders compliance options
Entrust Solutions, a title insurance servicing company, started initial discussions with lenders regarding their centralized disbursing program. By acting as an independent third party, the company is allowing lenders to work with any agent or attorney and create a safe environment for them and the consumer.
Title underwriters ramp up lender service divisions to match market evolution
The title industry is in an era of regulation and compliance. Mortgage lending is evolving too as a result of increased oversight from regulators and increased spotlight on the vendors and the third-parties they work with. All of these changes open the door for different opportunities. Mortgage lending is growing in complexity, and with refinance transactions dropping and interest rates increasing, strategies are changing.
Regulatory outlook from October Research
The legal publications at October Research, LLC have teamed up to host a 90-minute federal regulatory outlook webinar for mortgage, title insurance and settlement services professionals. Regulatory Outlook 2014: Compliance, Enforcement and Pressure Points airs Tuesday, Dec. 10 at 2 p.m. ET. This in-depth training features two top compliance attorneys who will educate participants on significant regulations impacting the industry in 2014.
The affiliated argument: Both sides weigh in
The land title industry is in a great debate between the values of affiliated business and one stop shopping and the independent agents who call such arrangements anti-competitive. The Title Report discussed the matter with Anthony Affatati, president of NAILTA and Barbara Griest, 2013 chair of RESPRO and Sue Johnson, president and executive director of RESPRO.