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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.  
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 23, 2017.
Punctual Abstract
Pending Home Sales Tumble in May for Third Straight Month
The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors®.
Simplifile Adds 21 Southern Jurisdictions to E-Recording Network
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, has extended its industry-leading e-recording network to include 21 additional recording jurisdictions across the southern United States.
Quick links
A villain of the housing crash makes a comeback
The housing market crash, which started in 2007 and kicked off the Great Recession, blighted both the financial and real estate industries. Among the many participants whose reputations were ruined, few took more damage than the mortgage brokers who sold adjustable-rate mortgages. Known as ARMs, they became a four-letter word within the industry.
Attorney, husband of county treasurer, found dead at home
A well-known attorney and husband of the Schuylkill County (PA) treasurer was found dead at his Ryan Twp. home Monday morning.
The New 2016 ALTA Commitment with Florida Modifications: Expressing the Limitations on Liability
The new 2016 ALTA Commitment with Florida Modifications both streamlines the existing features of the title insurance commitment and, for the first time, expressly sets out many of the fundamental title insurance industry assumptions underlying such commitments.
Judge orders fence to be put around Mulberry Street wall collapse
A judge is ordering the City of Harrisburg and McFarland to put a barrier around a wall that collapsed onto a Cameron Street business.
Hertel named regional VP of the Iowa Land Title Association
Sally Hertel, certified land title professional and abstractor for the Mitchell County Abstract Company in Osage, was elected to the office of North Central Regional vice president for the Iowa Land Title Association during its annual convention, May 7-9, in Waterloo.
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.
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.
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.  
On the Blogs

Positive Changes in Ohio's Budget Bill: Recording Fee Hike Nixed, and more...
Source of Title Blog
2017/06/28
0 comments

My First Experience with Inverse Condemnation
Source of Title Blog
2017/06/25
1 comments

BRASS Services is going out of business after years of service....
William Pattison 's Blog
2017/06/19
1 comments

A Time-Saving Title Search Tool?
Source of Title Blog
2017/05/29
3 comments

Confirmed... The Ohio Good Funds Law is Harming Consumers
Source of Title Blog
2017/05/17
3 comments

Email Fraud in Real Estate Transactions is on the Rise
Source of Title Blog
2017/05/14
2 comments

The Ohio House Sneaks a Massive Recording Fee Increase into the New Budget Bill
Source of Title Blog
2017/04/25
0 comments

Is Notice by Certified Mail Worth the Cost?
Source of Title Blog
2017/04/03
1 comments

Ohio House Bill Introduced to Regulate Solicitation of Deeds
Source of Title Blog
2017/03/22
3 comments

In God We Trust... Everyone Else Gotta Pay by Wire Transfer
Source of Title Blog
2017/03/12
1 comments

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