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South Carolina Supreme Court: Rubber Stamp Closing Attorneys Are Violating Ethical Rules
In states where only attorneys may close real estate transactions, there may be a temptation to cut costs by limiting the attorney’s participation to cursory reviews of the transaction that appear to be more of a “rubber stamp” than true oversight that ensures the integrity of the transaction. The South Carolina Supreme Court recently pushed back against rubber stamp attorneys.
Black Knight: Western Cities See Home Price Increases
The Data & Analytics divisionofBlack Knight Financial Services, Inc. has released its latest Home Price Index (HPI) report, based onFebruary 2016residential real estate transactions, showing home prices up 5.3% annually. The top ten cities in month-to-month price increases were all in the western states.
NAR: Pending Home Sales Highest in Almost a Year
Pending home sales increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the National Association of Realtors. Only the West region saw a decline in contract activity last month.
Chronos Solutions opens new office in suburban Birmingham, AL
Chronos Solutions, a national real estate financial services provider including title and settlement services, has opened a new office in suburban Birmingham, Alabama. The new Rainbow City office will house the company’s national Home Owners Association Solutions group.
ALTA Committed to Consumer Transparency as CFPB Opens Door to Clarify TRID
The American Land Title Association (ALTA), has released a statement in response to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s letter to financial services joint trade associations, committing to provide more clarity on "know before you ow" requirements.

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MBA Weekly Report: Mortgage Applications Decrease
Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 22, 2016.
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Title Industry tasked with identifying money launderers
CHARLENE PERRY's Blog
2016/01/14
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9th Circuit Reverses; Suit Goes Forward re: Mtg Loan Debt Collectors
john gault's Blog
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