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Mortgage Applications Increase in Latest MBA Weekly Survey
“Coming out of the Memorial Day holiday, mortgage applications increased to the highest level in over a month, driven by growth in both purchase and refinance applications. Treasury rates saw some movement during the week, which resulted in additional opportunities for borrowers,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “The rate for 15-year fixed rate loans and FHA loans saw declines last week, while the 30-year fixed rate was largely unchanged.”
More than 1,000 Housing Professionals Urge Congress to Act on Key Affordability Issues
“Members of the housing community from across the nation have come to Washington for the National Association of Home Builders (NAHB) 2025 Legislative Conference to deliver an urgent message to their lawmakers: The best way to ease the nation’s housing affordability crisis and boost housing production is to break down the barriers that are impeding new home and apartment construction,” said NAHB Chairman Buddy Hughes.
Mortgage Credit Availability Increased in May
“Credit supply increased to its highest level since August 2022, driven by growth in the supply of both conventional and government loans, as lenders offered a greater variety of loan types to support the spring homebuying season,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.
New Study Reveals Significant Economic Impact of Housing Industry Labor Shortage
“The Home Builders Institute (HBI) is proud to be part of the solution to the nation’s skilled labor shortage,” said HBI President and CEO Ed Brady. “Through hands-on training programs and industry-recognized certifications, HBI is equipping the next generation of construction professionals with the skills needed to meet growing demand."
American Land Title Association Announces Chris Morton as Chief Executive Officer
“As the leader of our advocacy efforts, Chris Morton has been the public voice of our industry in Washington,” said Richard Welshons MTP, NTP, president of ALTA. “He brings the right mix of experience, vision and steady leadership to guide ALTA. We thank Diane Tomb for her years of service and wish her well in future endeavors.”
Former President of Allentown Title Company Pleads Guilty to Defrauding Title Insurance Underwriter, Clients, and U.S. Government
United States Attorney David Metcalf announced that Louis Belletieri, 43, of Allentown, Pennsylvania, entered a plea of guilty today before United States District Judge Jeffrey L. Schmehl on two counts of wire fraud, charges arising from his scheme to defraud a title insurance underwriter and clients and his fraudulent application to the Small Business Administration (SBA) to obtain Economic Injury Disaster Loans (“EIDL”).
Quick Links
Navigating the land rush: Ensuring clear title ownership in data center expansion
Imagine a data center that has no negative impact on the existing power grid. How is this possible? Through strategic data center placement near renewable power sources to offset carbon emissions. This may sound too good to be true, but it is in fact the new reality for data center developers as they look to align data center expansion with sustainability initiatives. However, this can only be achieved through ensuring that the land is sourced and secured responsibly.

Lawyer who collected over $40K in title insurance commissions in 1 month failed to disclose, hearing body says
A Massachusetts lawyer committed an "ethical misstep" by collecting commission of 80% for his real estate clients' title insurance without disclosing it, according to a hearing committee report. The hearing committee recommended a suspension of a year and a day, with all but two months stayed, partly for Massachusetts lawyer Joseph A. Torra's failure to disclose the commission to his clients who were buyers in real estate transactions.

Family homesteads with tangled titles are contributing to rural America's housing crisis
This is the reality of what's known as heirs' property: land passed down informally, without clear wills or deeds, which results in a "tangled" or "clouded" title. It's more common than you might think in the U.S., especially in rural areas, and it presents significant challenges to long-term housing stability. Research shows that within 44 states and the District of Columbia, there are an estimated 508,371 heirs' properties, with an assessed value of US$32 billion.

Arizona Supreme Court Clarifies Title Insurance Obligations in Unanimous Centerpoint Condo Case Ruling
This complicated scenario led to the involvement of multiple companies and a set of legal disputes primarily focused on the title insurance coverage. Circumstances forced investors and lienholders into a Morris agreement - a unique settlement that allowed the pending sale of the Centerpoint property to proceed by clearing the liens without foreclosure. In this shuffle, a pertinent question arose: were title insurers still on the hook for settling claims when the loans in question were fully repaid?

Allentown title agent pleads guilty in $9.6M sports gambling scheme
Federal charges revealed 43-year-old Louis Belletieri diverted client real estate transaction funds to personal accounts and online betting platforms. The Allentown man pleaded guilty on Monday, June 9, 2025 in federal court to two counts of wire fraud.


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