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Can Banks Resume Non-judicial Foreclosures in Oregon on MERS Mortgages? MERS Thinks So.
The Oregon Supreme Court last week issued rulings in a pair of closely watched foreclosure cases centering around MERS's right to foreclose and the ability of MERS to use Oregon's non-judicial foreclosure process rather than the more expensive and time consuming process of foreclosing via the courts.  The court ruled against MERS on most points, but MERS believes the ruling was actually a good one for itself and its members.
Deedback Solutions Partners with Stewart Title on Timeshare Default Solution
Deedback Solutions, a division of Reservation Services International (RSI), has confirmed a strategic partnership with Stewart Title Company to provide a service to help mitigate the losses stemming from the defaults of timeshare owners.
Three Nebraska Counties Begin E-Recording
Three Nebraska counties have begun e-recording, according to e-recording service provider Simplifile.  Over 60% of Nebraska jurisdictions now offer e-recording service.
CoreLogic: Home Prices Inrease at Fastest Rate Since February 2006
The latest home price report from CoreLogic shows home prices nationwide, including distressed sales, increased 12.1 percent on a year-over-year basis in April 2013 compared to April 2012. This change represents the biggest year-over-year increase since February 2006.
Corelogic: Fewer than 20% of Homeowners with Mortgages Remain Underwater
Housing data provider CoreLogic has released new analysis showing approximately 850,000  residential properties recovered from underwater status and returned to a state of positive equity during the first quarter of 2013.  The percentage of properties with mortgages where the owner is underwater on the mortgage fell to under 20%.

AccuSearch Company
MBA Weekly Report: Mortgage Applications Rise
Mortgage applications increased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 7, 2013.  Last week’s results included an adjustment for the Memorial Day holiday.
The Nightmare Neighbor Nurse
You'd think that a nurse would make a pretty good neighbor.  But one nurse waged a bitter battle against a schoolteacher for over six years over a few square feet of property.  The schoolteacher finally had enough of the harassment and went to court, and now the nurse will have to pay over $28,000 for her years of unneighborly behavior.
MBA Weekly Report: Mortgage Applications Dive on Higher Interest Rates
Mortgage applications decreased 11.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 31, 2013. This week’s results include an adjustment for the Memorial Day holiday.
ALTA: Title Insurance Premiums Up 24% In Q1
The American Land Title Association has reported title insurance premium volume rose 24 percent during the first quarter of 2013 when compared to the same period a year ago.
Fitch: Title Insurers Strongly Capitalized; Expects Modest Improvement in 2013
Insurance ratings agency Fitch has released its latest report on the financial strength of the title insurance industry.  The report finds that that the title insurance industry is strongly capitalized, and the financial position of title insurers will likely improve modestly in 2013.
American Land Title Association Announces Launch of Mobile Website
The American Land Title Association (ALTA), has announced that it has launched a new mobile website to expand and facilitate access to industry news and member resources.
Slander of Title
Rhode Island has a statute that gives landowners a way to protect their land if the believe that a neighbor intends to take their land through adverse possession, via a recording in the land records.  However, such recordings are apparently rare to the point that a title insurer denied coverage where such a document was recorded, giving rise to a lawsuit that was ultimately decided last week by the Rhode Island Supreme Court.
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