|
House report says Cordray may have violated law
Posted Date: Thursday, January 19, 2017
Republicans on the House Financial Services Committee charged in a newly released report that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray might have violated federal law in rulemaking involving larger participants in the consumer auto-lending market.
If the charge were true, it could expose Cordray to being removed from his post under the “for-clause” provision of the Dodd-Frank Act.
“Ignoring the Administrative Procedure Act — a landmark law for ensuring the public is included in rulemaking — is unbecoming of a public servant,” committee member Rep. Randy Hultgren (R-Illinois) told The Title Report.
|
|
|
Fidelity squares things with California
Posted Date: Friday, January 20, 2017
Fidelity National Title Co. was back in the good graces of the California Secretary of State’s office Thursday night, after the company temporarily had been put on suspension. Read on for details of the resolution for Fidelity.
|
|
|
Trump meets with potential Cordray replacement
Posted Date: Friday, January 13, 2017
There has been much debate over the future of the Consumer Financial Protection Bureau (CFPB) since president-elect Donald Trump won the election.
Republican senators have called for Cordray to be fired, while House Democrats are defending him and the bureau, listing its accomplishments.
Read on to learn more about the potential future of the bureau’s leader.
|
|
|
CFPB accepting board, council applications
Posted Date: Thursday, January 19, 2017
To be sure that it hears from a variety of experts with diverse viewpoints, the Consumer Financial Protection Bureau set up several committees — three of which will have vacancies this fall. Read on to learn more.
|
|
|
White House freeze won’t affect appointees
Posted Date: Tuesday, January 24, 2017
President Donald Trump has issued a freeze of the hiring of federal civilian employees to be applied across the board in the executive branch.
This mean no vacant positions existing at noon Jan. 22, may be filled and no new positions may be created.
Keep reading to learn more about how far-reaching the freeze goes.
|
|
|
Beige Book releases latest economic forecast
Posted Date: Thursday, January 19, 2017
Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November through the end of the year.
Residential and commercial construction activity remains elevated in Cleveland, while New York’s commercial real estate market slackened.
Keep reading to learn more on the latest Fed observations.
|
|
|
Stewart sells off portion of lender services businesses
Posted Date: Thursday, January 12, 2017
Stewart Lender Services has divested several of its holdings after the sale to American Mortgage Consultants of its businesses which performed due diligence and servicing functions.
This includes credit, compliance, origination and servicing quality control reviews – as well as due diligence and quality control-related technologies. The deal closed on Dec. 31, 2016, the companies announced in a press release.
Read on to learn more about the future of Stewart employees involved in the sale.
|
|
|
Title outlook: Optimistic
Posted Date: Tuesday, January 24, 2017
A new report from Kroll Bond Rating Agency (KBRA) says that although 2016 likely was the peak of lending volumes for years to come, the title insurance industry is well positioned to manage 2017 and future years.
KBRA cited strong policyholder surplus ratings, increased profits, and the expansion of business lines among the areas where the industry has shown strength.
The outlook also warned of potential downsides in the years to come. Read on for details of the outlook.
|
|
|
WACO Title acquires abstract company
Posted Date: Tuesday, January 17, 2017
WACO Title has expanded its reach in the central Arkansas market after announcing the purchase of an abstracting company.
Longtime industry veteran Harry Allen, a longtime veteran of the Arkansas title and closing industry, will continue to manage the office, according to details of the announcement.
Keep reading to learn more about the January acquisition.
|
|
|
HA&W changes name to Aprio
Posted Date: Friday, January 13, 2017
Habif, Arogeti & Wynne (HA&W), a CPA-led business advisory firm, announce that the company has changed its name to Aprio.
Over the next 24 months, the company said it will operate as HA&W | Aprio, before making the full transition to the new brand.
Read on to learn more about the meaning of the firm’s new name.
|
|
|
Familiar names among potential Day 1 Certainty vendors
Posted Date: Tuesday, January 24, 2017
As part of Fannie Mae’s Day 1 Certainty program, the agency announced it was vetting potential new vendors to provide verification services for the program.
Among the potential new vendors are companies familiar to the title insurance industry.
Read on for more from Fannie Mae, and which companies might be invited into the Day 1 Certainty process.
|
|
|
Integrity Title expands title plant coverage
Posted Date: Tuesday, January 17, 2017
Hidalgo, San Patricio and several other Texas counties now are available for access from Integrity Title Records.
Operations Manager Sonny Livesay said these areas are key to expanding the agency’s services in South Texas.
Read on to learn more about the areas which will be made available.
|
|
|
CATIC now integrated with ResWare
Posted Date: Friday, January 13, 2017
Adeptive announced its ResWare platform now is integrated with Connecticut Attorney’s Title Insurance Company. Keep reading to learn more.
|
|
|
Data Trace expands in Texas
Posted Date: Thursday, January 12, 2017
Data Trace Information Services LLC announced the introduction of four new geographically indexed, P-12 compliant thick title plants in Texas.
President Robert Karraa said these new plants deliver instant access to data title companies need. The company said in an announcement that the addition of the new title plants make Data Trace the only provider in the area offering access to both tax and title data in a single system.
Read on to learn more.
|
|
|
Simplifile, LendingQB integrate collaboration services
Posted Date: Friday, January 20, 2017
Simplifile has integrated its collaboration and post closing services with LendingQB. Users now can create loan records to initiate data and document sharing with settlement providers. Read on to learn more.
|
|
|
Freedom Mortgage joins Simplifile Collaboration service
Posted Date: Thursday, January 12, 2017
Freedom Mortgage has begun using the Simplifile Collaboration service in its wholesale division to quickly and easily exchange data with its settlement partners.
Simplifile President Paul Clifford said the importance of true collaboration between lenders and settlement providers in the post-TRID era cannot be overstated.
Keep reading to learn more.
|
|
|
CoreLogic launches RealQuest app
Posted Date: Tuesday, January 24, 2017
CoreLogic’s new RealQuest app is designed to provide mortgage and title companies with comprehensive property, ownership and mortgage data on their iOS devices.
It provides detailed property information, transaction history and neighborhood sales data while they’re in the field.
Read on to learn more about this new technology offering from CoreLogic.
|
|
|
Businesses report rise in fraud, risk
Posted Date: Tuesday, January 17, 2017
Fraud, cyber and security incidents are now the “new normal” for companies across the world, according to executives surveyed for the 2016-17 Kroll Annual Global Fraud and Risk Report.
More than three-quarters of executive reported their companies fell victim to fraud in the past year rose, up significantly from recent years, highlighting the escalating threat to corporate reputation and regulatory compliance.
Cyberincidents were even more commonplace. Read on to find out how prevalent they were, and who the report said were the most common perpetrators of incidents.
|
|
|
NATC realigns geographic regions
Posted Date: Friday, January 13, 2017
North American Title Co. (NATC) has realigned its geographic regions and filled a new position of area president for Arizona, Nevada and Utah.
The new area president has worked in the region and will report to Dia Demmon, president of the newly renamed Western Region, which includes California.
Keep reading to learn more.
|
|
|
Kensington Vanguard names new EVP
Posted Date: Tuesday, January 24, 2017
Kensington Vanguard National Land Services hired a new executive vice president for its Lone Star division in Dallas. Read on to learn more.
|
|
|
DocuSign names new CEO
Posted Date: Thursday, January 19, 2017
DocuSign named a new CEO who has more than 25 years of executive leadership and experience, including a decade as chairman and CEO at an industry-leading publicly traded company.
The company’s previous CEO, Keith Krach, will continue in his role as chairman of DocuSign’s board of directors.
Keep reading to learn more about the new leadership.
|
|
|
ComplianceEase names SVP of sales
Posted Date: Thursday, January 12, 2017
Compliance promoted one of its own to vice president of national sales. Keep reading to learn more.
|
|
|
Austin law firm adds real estate expert
Posted Date: Thursday, January 19, 2017
The law firm of Stahl, Bernal, Davies, Sewell & Chavarria has named a new partner. He will focus on all aspects of commercial real estate transactions. Keep reading to learn more.
|
|
|
FAF: Rising mortgage rates dampen market potential
Posted Date: Tuesday, January 24, 2017
Housing market potential slumped in November, in large part because of rising mortgage rates, according to the latest First American Potential Home Sales model. Read on to learn more.
|
|
|
Average closings in 2016 longest in four years
Posted Date: Friday, January 20, 2017
Closing times have risen nearly a full week since the spring of 2016, finding their highest mark since February 2013, according to the latest report from Ellie Mae. Overall, average closing times in 2016 were the longest since 2012. Read on for more insights from the report.
|
|
|
Home prices climb while inventory dives
Posted Date: Friday, January 20, 2017
Home prices rose 4.7 percent in December as inventory declined 12.7 percent, according to Redfin, a real estate brokerage. Keep reading to learn more.
|
|
|
Foreclosure inventory declines 30 percent
Posted Date: Thursday, January 12, 2017
A new report from CoreLogic shows the national foreclosure inventory declined 30 percent from a year ago, and is nearly 80 percent below its peak level in 2010. Read on for more details.
|
|
|
Housing starts up in December
Posted Date: Friday, January 20, 2017
Housing starts showed strength in December, while building permits grew slightly, according to the latest report from the Department of Housing and Urban Development and the Census Bureau.Keep reading to learn more.
|
|
|
Builder confidence holds firm in January
Posted Date: Thursday, January 19, 2017
Builder confidence in the market for newly built single-family homes remained on firm ground in January, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Read on to learn more.
|
|
|
|
NJ law firm expands real estate group
Posted Date: Tuesday, January 17, 2017
Scarinci Hollenbeck, a regional business law firm, has expanded with the addition of two attorneys to its commercial real estate law practice. Read on for more details about the new hires.
|
|
|
Housing sentiment dampened
Posted Date: Friday, January 13, 2017
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased in December for the fifth consecutive month. Read on to learn why.
|
|
|
New-home purchase applications increase
Posted Date: Friday, January 13, 2017
The Mortgage Bankers Association Builder Applications Survey data for December 2016 shows mortgage applications for new-home purchases increased 2 percent from December 2015. Keep reading to learn more.
|
|
|
Millennial refinances increased in second half of 2016
Posted Date: Thursday, January 12, 2017
Purchase loans by millennial borrowers dropped to 77 percent and refinances increased to 22 percent of all loans in the second half of 2016, according to Ellie Mae’s Millennial Tracker. Read on to learn more.
|
|