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Appraisal Institute Condemns NCUA's Action, Calls for Congressional Oversight
The nation’s largest professional association of real estate appraisers vigorously condemned today’s action by the National Credit Union Administration, calling the NCUA’s decision to effectively reduce the number of appraisals required for commercial real estate loans irresponsible, radical and dangerous.
Remodelers' Confidence Holds Steady in Second Quarter
The National Association of Home Builders’ Remodeling Market Index posted a reading of 55 in the second quarter of 2019, rising one point from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower—since the second quarter of 2013.
Realtor® Survey Shows Decline in Foreign Investment in U.S. Residential Real Estate
A decline in global growth and low housing inventory contributed to a drop in foreign investment in U.S. residential real estate over the past year.
AccuSearch Company
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 12, 2019.
Single-Family Starts Increase in June
Single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9 percent lower in June to a seasonally adjusted annual rate of 1.25 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.
FIN Title Acquires Titleology Abstract
FIN Title today announced it has reached an agreement to acquire Titleology Abstract Inc., the leading provider of non-insurance title reporting products serving the national market. Titleology founder and principal, Jay Jacobs, will remain in a leadership role overseeing FIN Title’s uninsured title product division.
Builder Confidence Holds Firm in July
Builder confidence in the market for newly-built single-family homes rose one point to 65 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s.
ALTA Announces DataTrace as an Elite Provider
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, has announced that DataTracehas been named an ALTA Elite Provider.
Quick Links
7th Circuit: Title agency can't sue state to get back surrendered licenses
A title insurance company barred from doing business in Indiana after the Department of Insurance found hundreds of violations in an audit cannot sue to reclaim the licenses it voluntarily surrendered, the 7th Circuit Court of Appeals has ruled.

U.S Mortgage Rates - Rates Rise for Just the 3rd Time in 13-Weeks
Mortgage rates were on the rise in the week ending 18th July. After a flat week last week, rates rose for just the 3rd time in 13 weeks.

The Con Man Who Became a True-Crime Writer
In his old life, Matthew Cox told stories to scam his way into millions of dollars. Now he's trying to make it by selling tales that are true.

Connecticut Officially Becomes an Attorney Closing State
Effective October 1, 2019 only Connecticut licensed attorneys can conduct real estate closings in the state for certain mortgage loan transactions.

Nevada Federal Court Grants Title Insurer Summary Judgment on Claim Regarding Homeowners' Association Lien
The United States District Court for the District of Nevada recently granted a title insurance company's motion for summary judgment regarding a homeowners' association lien that purportedly extinguished the insured lender's deed of trust.

Weekly mortgage applications fall 2.4% as consumers shrug off low rates
"Borrowers have been less sensitive to low rates as many borrowers have either recently refinanced or are likely waiting for rates to fall even further," said Joel Kan, MBA's associate vice president of economic and industry forecasting. "Other mortgage rates in our survey were unchanged or slightly higher than in the previous week."


On the Blogs

5 Cyber Security Issues Title Agents Should Be Aware of
Christopher Hoffer's Blog
2019/06/07
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