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Simplifile Hires Toni Carroll as National Settlement Account Manager
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced it has hired title and settlement industry veteran Toni Carroll as national settlement account manager.
Why Title Insurance Doesn't Cover for Fraudulent Conveyances
Title insurance often has an exclusion for "fraudulent conveyances." There's a good reason for this, but it may cause confusion, as it did in a recent federal case in Utah.
Existing Home Sales Hit Highest Pace in Over 10 Years in March

Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.

MBA Weekly Report: Mortgage Application Volume Declines 1.8%
Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 14, 2017. This week's results do not include an adjustment for the Good Friday holiday.
CSC Adds 57 Counties in Q1
Corporation Service Company, a leader in the electronic document recording (eRecording) industry, is proud to announce the addition of 57 new counties in 25 states in the first quarter of 2017.

AccuSearch Company
Punctual Abstract
CFPB Sues Ocwen for Failing Borrowers Throughout Mortgage Servicing Process
The Consumer Financial Protection Bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at every stage of the mortgage servicing process.
RamQuest & CertSimple 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 CertSimple.
MBA: Purchase Mortgages for New Homes Rise
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2017 shows mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
CoreLogic: Mortgage Delinquency Rate Declines
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released a new monthly Loan Performance Insights Report which shows that 5.3 percent of mortgages were delinquent by at least 30 days or more (including those in foreclosure) in January 2017. This represents a 1.1 percentage point decline in the overall delinquency rate compared with January 2016 when it was 6.4 percent.
Commercial Real Estate Picture Improves According to Index
An index of commercial real estate activity, the Dodge Momentum Index, increased by 0.9% in March. The Momentum Index has now risen for six consecutive months, with much of the gain being driven by institutional projects entering planning stages.
MBA Weekly Report: Mortgage Apps Increase 1.5%
Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2017.
How an Unwritten, Unrecorded Claim to Land Can Beat a Validly Recorded Deed
Unrecorded interests in land are problematic enough, much less an interest in land based on a contract that wasn't even written in the first place. Nevertheless, in a recent Pennsylvania case, a holder of such an unrecorded, unwritten interest prevailed over a person whose claim was evidenced by a recorded warranty deed.
Septic System Blues
Title insurance generally provides coverage for losses due to recorded encumbrances for which the insurer does not include an exception in the policy. But even if the insured doesn't know about the recording, if the insured knows about the underlying condition of the land that is noticed in the recording, there is likely no coverage, as a recent Washington case involving a septic system illustrates.
CoreLogic: Home Prices Rise 7.0% Annually, Expected to Rise 4.7% in Next Year
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2017 which shows home prices are up both year over year and month over month.
MBA Weekly Report: Mortgage Applications Decrease 1.6%

Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 31, 2017.

ALTA Releases Updates to Supplemental Best Practices Materials
The American Land Title Association, the national trade association of the land title insurance industry, released updates to supplemental materials for its Title Insurance and Settlement Company Best Practices.
ALTA Urges CFPB to Warn Consumers About Wire Fraud Schemes When Purchasing a Home
The American Land Title Association, the national trade association of the land title insurance industry, in a letter urged the Consumer Financial Protection Bureau to issue an alert warning consumers about wire fraud schemes attempting to steal funds for real estate closings.
WFG National Title Expands Massachusetts Agency Team
WFG National Title Insurance Company has added Bernadette Walsh as Agency Representative serving WFG title agents in Massachusetts.
Massillon (OH) Woman Charged with Defrauding Banks out of $2 Million
A Massillon woman, Kimberlee E. Himmel, was charged with defrauding financial institutions out of more than $2 million by having escrow funds on home purchases deposited into her personal account, Acting U.S. Attorney David A. Sierleja said.
Dams and Spiteful People
If you’re going to have a property dispute with your neighbor over a man-made lake, it’s better to be the owner who has the dam on their property, as a recent Iowa case illustrates.
NAR:Pending Home Sales Rebound in February
Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors®. All major regions saw a notable hike in contract activity last month.
MBA Weekly Report: Mortgage Applications Decrease Slightly
Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 24, 2017.
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The Ohio House Sneaks a Massive Recording Fee Increase into the New Budget Bill
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2017/04/25
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Is Notice by Certified Mail Worth the Cost?
Source of Title Blog
2017/04/03
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Ohio House Bill Introduced to Regulate Solicitation of Deeds
Source of Title Blog
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