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Analyst says 1 option makes sense for Stewart
Posted Date: Friday, November 10, 2017
Following the release of its third quarter earnings report, Stewart Information Services Corp. announced it is reviewing alternatives which include a possible sale of the company or a merger.
An analyst from Kroll Bond Rating Agency told The Title Report there was one combination that made the most sense for Stewart.
Read on for details of the companies that are assisting with review and what kind of combination could be in store for the fourth-largest title insurer by market share.
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Home purchasing sentiment dips
Posted Date: Thursday, November 16, 2017
The net share of Americans who believed October was a good time to buy or sell a home declined.
Read on for more details from Fannie Mae’s report.
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Percentage of distressed sales down
Posted Date: Thursday, November 16, 2017
Although the percentage of distressed sales declined during the third quarter, they remain high in several pockets of the nation.
Read on for details of ATTOM Data Solutions’ latest U.S. Home Sales Report.
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Industry reacts to Cordray’s resignation
Posted Date: Wednesday, November 15, 2017
The Consumer Financial Protection Bureau and its inaugural Director Richard Cordray have been a lightning rod for critics for years.
With Cordray’s announced departure, the industry’s focus likely will switch to speculation on who President Donald Trump will appoint to replace him and the bureau’s structure.
Read on for reaction to the announcement of Cordray’s planned departure.
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Analysis: MID change won’t just affect luxury homes
Posted Date: Tuesday, November 14, 2017
The housing industry has expressed its concern over changes in House and Senate tax bills that would affect the incentives for homeownership.
Although many wondered about a tax break that appeared to be targeted to luxury homes of more than $500,000, the impact of the proposal could have a much wider reach than anticipated.
An analysis of data by Black Knight conducted for The Title Report found that nearly 3 million active mortgage loans had an original balance of $500,000 or more. In some areas, homes at that price range are in the average level of originations. Read on for more details of what the impact of the tax change could be.
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Stewart releases third-quarter earnings
Posted Date: Tuesday, November 14, 2017
Stewart Information Services Corp. said business disruptions caused by Hurricanes Harvey and Irma had a $4 million adverse impact on its pretax profits during the third quarter.
Stewart said it took swift action to mitigate the financial impact of the storms, and has added a president and chief corporate development officer to help drive the company’s bottom line.
Read on to learn the details of Stewart’s third-quarter performance.
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ATG hires CIO
Posted Date: Tuesday, November 14, 2017
Attorneys’ Title Guaranty Fund, Inc. (ATG) has selected an accomplished director of information technology in the title insurance industry to serve as senior vice president and chief information officer.
The newest member of ATG’s team previously served as information technology manager and assistant vice president of Fidelity National Title.
Read on to learn who ATG selected.
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First International increases staff
Posted Date: Tuesday, November 14, 2017
First International Title has announced additions to its staff at two Florida locations.
Read on to learn the identities of these new members to the First International team.
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RamQuest integrates PropLogix
Posted Date: Tuesday, November 14, 2017
A new integration will enable RamQuest customer’s to order PropLogix’s closing due diligence services without leaving the RamQuest solution.
Read on for more details.
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ePN expands eRecording network
Posted Date: Tuesday, November 14, 2017
During August, September and October, eRecording Partners Network added 29 jurisdictions to its eRecording network.
Read on to learn where the new jurisdictions are located.
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Old Republic names executive vice president
Posted Date: Friday, November 10, 2017
Old Republic National Title Insurance Co. has promoted a company veteran and brought him onto its executive leadership team.
The newest member of the company’s executive leadership team joined Old Republic in 2010 and has served in various capacities, including overseeing the company’s operations in Texas, Oklahoma and New Mexico. He has more than 30 years of experience in the industry.
Read on for more details about Old Republic’s latest move and the top executive whom he will be replacing at the company.
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Wire fraud prevention platform launched
Posted Date: Friday, November 10, 2017
The owners of a Michigan title agency which experienced an $180,000 wire fraud breach in 2015 have developed a platform designed to prevent others involved in the real estate process from experiencing the same problem.
The platform, which was introduced at the National Settlement Services Summit in San Antonio in June, promises to authenticate the identities of transactional parties and share banking information securely.
Read on to learn the guarantee amount for each transaction.
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Tennessee title company adds processor
Posted Date: Friday, November 10, 2017
Rochford Law & Real Estate Title has hired a title processor to assist with various transactions. Read on for more details.
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TitleVest hires sales executive
Posted Date: Friday, November 10, 2017
TitleVest has hired a sales executive who will serve as a policy-issuing agent for all major underwriters. Read on for more details.
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eTitle links with Qualia
Posted Date: Friday, November 10, 2017
A new integration will enable Qualia users to access eTitle’s services. Read on for more details.
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Old Republic's title group continues 'record' pace
Posted Date: Monday, November 6, 2017
Revenue and profits from Old Republic’s title group are on a ‘record’ pace through the first nine months of 2017.
Old Republic achieved improved third quarter numbers despite Hurricanes Harvey and Irma, which the company said caused a two-week disruption in Texas and one week in Florida.
Read on to learn what Old Republic anticipates for the remainder of the year.
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NAR: Proposed tax reform equals middle-class tax increase
Posted Date: Monday, November 6, 2017
The much-anticipated tax reform package released by the House Republicans last week will undoubtedly undergo many revisions.
The National Association of Realtors is giving the initial proposal a thumbs down.
Read on to learn why NAR believes the proposal would lead to a decline in homeownership and a tax increase for many homeowners.
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Mid America, NASCAR partner to promote new digital platform
Posted Date: Monday, November 6, 2017
Mid America Mortgage, Inc. has launched a new digital mortgage approval and closing platform that promises to help borrowers reach the closing table in less than half the time of a traditional mortgage process.
To promote its new platform, the company has partnered with NASCAR and the iconic race team Richard Petty Motorsports.
Read on to learn more details about the platform and the partnership.
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Omni Title adds escrow officer
Posted Date: Monday, November 6, 2017
Omni Title LLC has a commercial title and escrow officer with more than 25 years of experience.
Read on for more details.
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New service protects escrow security
Posted Date: Monday, November 6, 2017
PCN Network’s Safe Escrow now includes a service that confirms payoff accounts and authenticates payees for outbound wires.
Read on for more details.
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QuestSoft, Specialized Data Systems integrate
Posted Date: Monday, November 6, 2017
QuestSoft and Specialized Data Systems have partnered to provide end-to-end digital mortgage compliance, both companies announced.
Read on to learn more about this partnership.
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Investors Title sets quarterly record
Posted Date: Thursday, November 2, 2017
Low interest rates and rising home prices helped Investors Title Co. set a quarterly record for revenues and net premiums written.
The earning Investors Title generated during the third quarter was the second highest in the company’s history.
Read on to learn what other factors the company’s chairman credited for its “solid operating results.”
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Old Republic expands executive leadership team
Posted Date: Thursday, November 2, 2017
Old Republic National Title Insurance Co. has brought one of its veteran team members onto its executive leadership team as an executive vice president.
The newest member of Old Republic’s executive team has served as a member of the company’s National Leadership Team on its Agency Committee for nearly four years.
Read on to learn who was promoted.
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Report: No housing bubble in sight
Posted Date: Thursday, November 2, 2017
A new report predicts housing markets throughout the nation will remain strong through the end of 2018, with home prices continuing to climb.
The report suggests concerns about home prices which have hit new peaks in several areas are overblown, since those prices are still below peak when adjusted for inflation.
Read on to learn which states the report said are at highest risk for home price declines.
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AmTrust hires Michigan representative
Posted Date: Thursday, November 2, 2017
AmTrust Title Insurance Co. has hired a First American Title Insurance executive to serve as its Michigan representative.
Read on for more details.
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Entrust names national sales director
Posted Date: Thursday, November 2, 2017
Entrust Solutions has selected a former managing partner of Landtech Data Corp. as its national sales director.
Read on for more details.
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ComplianceEase integrates PathSoftware
Posted Date: Thursday, November 2, 2017
PathSoftware has integrated ComplianceEase’s automated compliance solution with its cloud-based mortgage loan origination software.
Read on for more details.
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Percentage of vacant properties decreases
Posted Date: Tuesday, October 31, 2017
Nationwide, the share of vacant properties decreased.
Read on for details from ATTOM Data Solutions’ 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report.
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