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Oklahoma Strengthens Owners' Rights to Abstracts and Title Policies
Soon a new law in Oklahoma will subject abstractors to civil penalties and other potential liability for refusing to provide homebuyers with the abstract for the property they are purchasing.  It also provides homeowners the right to request copies of previously issued title policies.  
Bob Goldberg Named CEO of National Association of Realtors®
Bob Goldberg has been named CEO of the National Association of Realtors®. Goldberg currently serves as NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Professional Development and Conventions for NAR.
MBA Forecasts Commercial/Multifamily Mortgage Originations to Decline in 2017
The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will be down slightly in 2017, ending the year at $478 billion, a decrease of 3 percent from the 2016 volumes.
RamQuest Appoints Ben Cork Chief Strategy Officer
RamQuest, Inc. announced today the appointment of Ben Cork as chief strategy officer. In this role, Ben will be responsible for defining RamQuest’s technology service initiatives with a focus on business drivers and results.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 16, 2017.

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Realtors® Highlight Flood Insurance Concerns as House Committee Finalizes Key Markup
The House Financial Services Committee today concluded a markup on multiple pieces of legislation to reauthorize and reform the National Flood Insurance Program.
Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High
Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.
RamQuest and BC Law Announce New Integration
RamQuest, Inc., a leading provider of title and settlement solutions for the Land Title industry, announced today that its Closing Market digital network is now integrated with BC Law.
The Supreme Court of Virginia Examines the Limits of Inverse Condemnation
A Harris Teeter grocery store filed an insurance claim when a sewer backup caused the loss of inventory, requiring extensive clean up. Finding the loss to be a covered claim, two insurance companies paid a total of $1.8 million. Then, exercising their rights of subrogation, the insurers sued Arlington County on a theory of inverse condemnation.
May New Home Purchase Mortgage Applications Up 15 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2017 shows mortgage applications for new home purchases increased 15 percent compared to May 2016.
Simplifile's Paul Clifford Receives 2017 Award for Innovation from October Research
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that Paul Clifford, president, was recognized with the 2017 October Research Award for Innovation for his leadership in establishing Simplifile’s e-recording network, along with other achievements in support of the title industry.
HUD, Housing Authorities Celebrate Father's Day
In commemoration of Father’s Day 2017,the U.S. Department of Housing and Urban Development (HUD) is joining with communities throughout the country to celebrate fatherhood and family through HUD’s National Father’s Day Initiative.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2017. Last week's results included an adjustment for the Memorial Day holiday.
MBA Applauds Senate Banking Committee for Advancing Pam Patenaude Nomination
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released the following statement following the Senate Banking Committee approving the nomination of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD).
Flat Recording Fee Laws Progressing in Multiple States
At least four states are preparing to implement flat fees for recording deeds, mortgages and other real estate documents.  Flat recording fees will make estimating closing costs easier and help avoid exceeding tolerance limits on the Loan Estimate and Closing Disclosure forms required by TILA-RESPA Integrated Disclosure (TRID) rules.
ALTA Announces DocMagic as an ALTA Elite Provider
The American Land Title Association (ALTA) has announced that DocMagic has been named an ALTA Elite Provider.
HUD Designates June as National Healthy Homes Month
In an effort to help families keep their kids healthy and to reinforce the connection between a family's health and their home, the U.S. Department of Housing and Urban Development is kicking off the second annual National Healthy Homes Month.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 2, 2017.
CFPB Takes Action Against Fay Servicing, Resulting in $1.15 Million to Borrowers
The Consumer Financial Protection Bureau (CFPB) today took action against mortgage servicer Fay Servicing for failing to provide mortgage borrowers with the protections against foreclosure that are required by law.
NextAce Launches Title Industry Innovation Podcast
NextAce® today announced the launch of a new audio podcast focusing on innovations and new technologies in the title, real estate and mortgage industries.
Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise
One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an international client in 2016, and as foreign investors flock to smaller-sized commercial properties in secondary and tertiary markets, many Realtors® are confident that increased sales and leasing activity will occur in 2017.
Connecticut Court Finds Title Insurer Can Recover Attorney Fees from Negligent Title Searcher
A Connecticut title searcher was held to be liable for $77,500 paid by Chicago Title to clear the title to property it insured, as well as more than $20,000 in fees and expenses incurred negotiating the settlement.  Liability for a negligent title search may be imposed for the full amount of losses caused, and without notice before the claim is settled.  
Old Republic International Corporation Announces Appointment Of Frank Sodaro To Senior Vice President & Deputy Chief Financial Officer
Old Republic International Corporation (NYSE: ORI) today announced that Frank Sodaro (48) will be joining the Company as Deputy Chief Financial Officer effective June 13, 2017.
HUD Kicks Off National Homeownership Month
"Find Your Place in a New Era of Homeownership" is the theme for month-long recognition.

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