“I see it in you. I see the fire….I see you with a baseball bat walking around the hall.” ─ Jon Stewart, interviewing CFPB director Richard Cordray on “The Daily… Read More »
Recent Posts
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Williston Financial Group Acquires West Coast Local Retail Title Operations from Doma
Transaction helps drive Company’s new singular strategy and refined focus...
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WFG NATIONAL TITLE INSURANCE COMPANY APPOINTS DAVID JENKINS AS SVP, NATIONAL AGENCY MANAGER AND PROMOTES TIM HOOPER TO SVP, MID-ATLANTIC REGIONAL MANAGER
Portland, Ore., April 11, 2023 – WFG National Title Insurance...
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Title Industry Visionary Patrick Stone Offers Insights on How to Survive and Thrive in the Current Down Market
During the recent Q4 WFG Insights: Quarterly Economic Outlook webinar, WFG National...
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WFG Insights - 2023 Forecast: WFG's Patrick Stone Offers an Optimistic Outlook for the Second Half of the Year
There’s no question the first half of this year will...
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WILLISTON FINANCIAL GROUP EXECUTIVE CHAIRMAN AND FOUNDER PATRICK F. STONE AND ECONOMIST BILL CONERLY, Ph.D. TO HOST Q4 'WFG INSIGHTS: QUARTERLY ECONOMIC OUTLOOK' WEBINAR ON DECEMBER 15TH
The popular and influential quarterly webinar features analysis and insights...
News
“To advocates, eminent domain offers perhaps the only chance to remedy the failure of the federal government and mortgage servicers to offer widespread, meaningful relief to the hardest-hit communities.” ─… Read More »
“A lender’s internal workflow and processes need to be right, but it is equally as important for a lender’s third-party vendors to have their internal workflow and processes correct as… Read More »
“Under the new CFPB rules, about half the prospective homeowners in this country can’t get a mortgage from a bank because the new laws have greatly restricted credit access.” ─… Read More »
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REO
An estimated 47 percent of bank-owned homes nationwide are still occupied by the previous owner who was foreclosed on. Source: RealtyTrac
Only 380,000 new households were created over the past 12 months compared with an historic average of 1.1 million new households annually. Source: U.S. Census Bureau
Of the 1.25 million homeowners whose trouble mortgages have been modified under the Treasury Department’s HAMP program, 27 percent have re-defaulted on their loans. Source: Treasury Department Report
The Consumer Financial Protection Bureau has received 207,000 consumer complaints to date, 109,000 of them related to mortgages. Source: CFPB.
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TITLE TOTALS
Title underwriters generated $3.4 billion in premiums in the third quarter of last year, a 1.4 percent increase over the $3 billion originated in the same quarter of 2012. ─… Read More »
Q: Does the Consumer Financial Protection Bureau regulate title insurance agents? My understanding is, it does not, and, that being the case, I don’t understand how the agency can require… Read More »