Housing Wire

JUNE 12, 2024

But when we say this is the Ultimate Resource Guide for title insurance professionals, we mean it! Associations American Land Title Association (ALTA) ALTA serves as the national trade association and voice for the title insurance industry, representing over 6,000 title insurance companies, agents and real estate attorneys.

Insurance 309

Insurance Legal Design Training 309

Housing Wire

SEPTEMBER 20, 2023

The same home insurance scenario being played out in states like Florida and California due to elevated risk of natural disasters is becoming more pronounced in the Pacific Northwest according to a new report from the Seattle Times. No violation found.”

Insurance 432

Insurance Law Construction Government 432

Housing Wire

OCTOBER 24, 2024

states that the insured “shall not give or receive, directly or indirectly, any consideration for the referral of title insurance business or escrow or other service provided by a title insurer.” My office is committed to ending illegal kickback schemes in the title insurance industry,” Schwalb said in a statement.

Real Estate Agent 449

Real Estate Agent Insurance Real Estate Law 449

Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. According to the watchdog, at least 31,500 FHA-insured loans insured did not have the required National Flood Insurance Program coverage. The potential loss on these loans could amount to $1.5

Insurance 396

Insurance Mortgage Government Development 396

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

Insurance 417

Insurance Renovations Real Estate Law 417

Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. As part of the settlement, the firms agreed to end the practice of giving real estate agents consideration for the referral of title insurance business, and they will cease their title insurance operations in Washington, D.C., Although the D.C.

Insurance 453

Insurance Real Estate Agent Law Real Estate 453

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. The vast majority of respondents (82%) work at independent title companies or law firms and 67% have 25 or few employees at their organization.

Insurance 397

Insurance Bracketing HOA Law 397

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average. It’s causing buyers to rethink their plans.”

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

AUGUST 29, 2024

Four title insurance firms have agreed to pay nearly $3.3 code, as the federal law governing these businesses, the Real Estate Settlement Procedures Act (RESPA), allows for affiliated business agreements that meet certain criteria. million, $1 million, $325,000 and $65,000, respectively. However, due to D.C.

Real Estate Agent 340

Real Estate Agent Insurance Real Estate Law 340

Housing Wire

SEPTEMBER 27, 2023

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

Law 421

Law Real Estate Insurance Legal 421

Housing Wire

JUNE 14, 2024

The White House on Thursday nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corp. By nominating an individual to the FDIC Board who lacks state bank supervisory experience, the White House, once again, has ignored the requirements of the Federal Deposit Insurance Act,“ Lawson said.

Law 454

Law Insurance Government Business 454

Housing Wire

MARCH 25, 2024

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. The insurance carrier will continue to collaborate with Gov. It is necessary to take these actions now.”

Insurance 474

Insurance Law Business Housing Market 474

Housing Wire

SEPTEMBER 28, 2023

Kathy Hochul (D) last week signed a bill into law that establishes a flood risk “right to know” for homebuyers. This legislation eliminates the ‘credit provision’ and requires the disclosure of information concerning flood risk, flood history, and flood insurance on real property transactions.”

Law 432

Law Insurance Real Property Tools 432

Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

Mortgage 444

Mortgage Insurance Tools Law 444

Housing Wire

SEPTEMBER 24, 2024

aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Lenders must ensure that the loans they take on are eligible for government insurance. No one is above the law,” she said. Nutter & Co. , government.

Insurance 259

Insurance Legal Government Law 259

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Regulators are bearing down The stakes are high for title insurance firms that have joint ventures operating in the gray areas of the law. Many states have their own laws that prohibit kickbacks for referrals, like RESPA does.

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

FEBRUARY 12, 2024

FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp. Institutions are required to comply with laws and regulations, including anti-discrimination laws,” the statement read.

Valuation 436

Valuation Appraisal Law Design 436

Housing Wire

NOVEMBER 22, 2023

FNF blocked access to certain systems, which resulted in disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday.

Insurance 471

Insurance Law Technology Real Estate 471

Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims.

Law 415

Law Contracts Insurance Mortgage 415

Housing Wire

OCTOBER 16, 2024

Here’s why understanding them matters: Preserving privacy: Privacy laws, such as GDPR or CCPA, protect personal data. Stay informed and educated Cybersecurity laws are constantly evolving. These assessments ensure compliance with privacy laws and allow you to address vulnerabilities proactively.

Legal 461

Legal Law Clients Business 461

Lamacchia Realty

DECEMBER 13, 2023

A REMINDER ABOUT SNOW REMOVAL LAWS Winter is fast approaching, which means the snow is soon to arrive! Here is a reminder of the crucial snow removal laws if you’re a property owner in Massachusetts , New Hampshire , or Connecticut! Some Massachusetts property owners are still unaware of this law that went into effect in July 2010.

Law 74

Law Real Estate Agent Legal Realty 74

Housing Wire

AUGUST 30, 2024

The title insurance industry is vigorously battling these challenges as it protects Americans’ largest asset, their homes. In 2023, 28% of title insurance companies experienced at least one seller impersonation fraud attempt and in April of this year alone, two in ten title companies experienced such attempts.

Real Estate 431

Real Estate Insurance Sellers Legal 431

Housing Wire

MAY 28, 2024

The Federal Deposit Insurance Corp. The FDIC determined and the Bank neither admits nor denies that the Bank’s mortgage division, commonly known as Bank of England Mortgage, engaged in violations of law and regulation,” the settlement agreement stated. The bank has been issued an order to pay a civil penalty of $1.5

Mortgage 428

Mortgage Law Real Estate Loan Officers 428

Appraisal Buzz

AUGUST 23, 2024

As a result, Florida on May 26, 2022 signed into law Senate Bill 4-D, which requires structural inspections for condos and additional money to be set aside for repairs. Skyrocketing insurance costs: Florida is the epicenter of the housing insurance crisis. Condo fees are skyrocketing due to increased insurance costs.

HOA 370

HOA Insurance Agents Inspection 370

Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

Insurance 476

Insurance HOA Real Estate Law 476

Appraisal Buzz

SEPTEMBER 1, 2024

In July, HUD, through the Federal Housing Administration (FHA), made available translated versions of 19 single-family mortgage documents used in the servicing of FHA-insured mortgages. These documents will be available in Chinese, Korean, Spanish, Tagalog, and Vietnamese.

Insurance 360

Insurance Clients Training Law 360

Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. Proximate cause” is a way to determine the most direct cause of harm or violation of law.

Government 418

Government Insurance Development Law 418

Housing Wire

JUNE 13, 2024

Additionally, unless there is “specific insurance coverage for stolen funds and all requirements to coverage in an insuring contract are satisfied, a claim for damages will be denied.” In one of the cases cited by CertifID ( Otto v.

Real Estate 456

Real Estate Insurance Legal Training 456

Housing Wire

AUGUST 5, 2024

Signed into law on July 29, the budget features support for several aging-specific programs advocated for by AARP. The law, which had been passed in 2010 and on the books since 2014, had created challenges for the state’s seniors to reach their counseling sessions. Maura Healey (D) has signed a $57.8 Councils on aging will receive $1.4

Transportation 438

Transportation Law Design Insurance 438

Appraisal Buzz

SEPTEMBER 13, 2024

from Penn State Dickinson Law, her LL.M. in Taxation from Villanova University Charles Widger School of Law, and a Bachelor’s Degree in Political Science from La Salle University. Dutill earned her J.D. The minute I met Incenter’s leadership, I was ready to join,” said Dutill.

Legal 390

Legal Lending Property Taxes Law 390

Housing Wire

APRIL 1, 2024

Originally announced late last year, the new rules seek to modernize the CRA — originally passed by Congress in 1977 and signed into law by President Jimmy Carter that October — by taking advancements including online and mobile banking into account, as well as by addressing systemic inequalities in access to credit.

Modernization 448

Modernization Law Lending Insurance 448

Housing Wire

MAY 3, 2024

In a notice published on Friday, Virginia Realtors wrote that “upon analysis of this ‘touring agreement’ form, Virginia REALTORS does not believe it is in compliance with the requirements of Virginia law.” According to Laura M.

Legal 364

Legal Realtors Law Real Estate 364

Housing Wire

AUGUST 6, 2021

The company, one of the “Big Four” title insurers, agreed to pay a $1.185 million penalty after California state regulators alleged that a marketing representative provided agents illegal perks such as video marketing and drone footage of listings with placement on social media sites, and bus caravans to promote listings.

Agents 459

Agents Real Estate Agent Insurance Real Estate 459

Housing Wire

APRIL 24, 2024

“Since mortgage borrowers are captive to a company they never chose to do business with, we are working hard to detect and deter violations of law.” The agency also asserted that deadlines to pay property taxes and homeowners insurance were impacted.

Mortgage 469

Mortgage Property Taxes Insurance Inspection 469

Housing Wire

NOVEMBER 13, 2024

There’s much more to consider — like insurance regulations or local zoning laws — making having an expert in this space crucial.” . “Agents become more like wealth managers, helping them evaluate investment potential, seasonal rental opportunities, and resale value.

Agents 370

Agents Marketing Luxury Properties Real Estate 370

Housing Wire

NOVEMBER 18, 2022

savings and loan associations, savings banks, and cooperative banks) and insurance companies. It was not until 1989 that Congress expanded membership to all federally insured depository institutions. Thus, if there is a conflict between the super lien and state insurance law, it is unclear which statutory system would prevail.

Legal 349

Legal Law Insurance Finance 349

Housing Wire

JANUARY 19, 2021

The Consumer Financial Protection Bureau issued a final rule Tuesday clarifying that supervisory guidance is not backed by the same force as law or regulation. The agencies included the Federal Reserve Board , the CFPB, the Federal Deposit Insurance Corp.,

Law 408

Law Insurance Mortgage 408