Is your head spinning yet? It probably should be. It’s not enough for title agents in today’s market to simply facilitate title insurance and execute closings. Lenders and their investors… Read More »
The nation’s home builders are distressed, to say the least, about a recent ruling by the National Labor Relations Board defining many subcontractors as “joint employees.” It’s not clear how… Read More »
The statistics indicate that the Consumer Financial Protection Bureau’s (CFPB’s) new mortgage rules haven’t had the devastating impact that industry executives had predicted. But critics say the statistics don’t paint… Read More »
A CFPB pilot project has concluded that e-closings make the closing process more efficient and less confusing for borrowers. The CFPB’s continuing crackdown on Marketing Services Arrangements (MSAs) has led… Read More »
Although the Consumer Financial Protection Bureau (CFPB) has delayed for two months the implementation date for the new consolidated Truth-in-Lending/RESPA disclosure rules, industry trade groups are still pushing the agency… Read More »
The Federal Financial Institutions Examination Council, an interagency coordinating body for federal banking industry regulators, has issued two statements in the past month cautioning banks and credit unions about cyber-security… Read More »
The CFPB has asserted broad RESPA enforcement authority in a recent decision significantly expanding the liability of PHH Corporation for accepting “kickbacks” from mortgage insurers. The CFPB upheld an Administrative… Read More »
When interest rates begin to rise, as they will eventually, U.S. households are generally well-positioned to absorb the financial jolt. A study by Interest Rate Weekly concludes that the rate… Read More »
Continuing their efforts to reform the title insurance industry New York state regulators recently cut title insurance premium rates on refinance transactions. “We are pleased the title insurance industry is… Read More »
A legislative committee in Colorado has approved a measure that would create a commission to help oversee the title insurance industry and strengthen consumer protections in that state. The gap… Read More »