NAILTA Opposes MERS in Oregon

After a defeat in the U.S. District Court in Oregon, MERS seeks to cleanse years of allegedly improper foreclosure practices in Oregon through amendment to SB 519.  NAILTA opposes this effort.  Click above for details. May 31, 2011   The Honorable Representative Jeff Barker Oregon House of Representatives Co-Chair, House Committee on the Judiciary 900 Court St.…

MA Supreme Court Decides UPL Case

The Massachusetts Supreme Court has ruled in a closely-watched lawsuit regarding the role of real estate settlement professionals that attorneys must “substantially participate” in home closings.  Click above for more details. The Real Estate Bar Association (REBA) brought suit against National Real Estate Information Services (NREIS) in November 2006.  REBA alleged that “certain business activities of…

NAILTA Supports Fed Rule on LOs

NAILTA issued a letter to Fed Reserve Chairman Ben Bernanke in support of the Federal Reserve Board’s definition of the term “affiliate” as a single person for the purposes of the loan originator compensation rule set forth in Regulation Z.  Click above for more details.   Recently, NAILTA became aware of comments that were filed by various real estate related trade associations[1] contesting…

OH: Consumers Do Not Prefer CBAs

The Ohio Association of Independent Title Agents (OAITA) has released its 2 year study of real estate settlement preferences. January 27, 2011- The Ohio Association of Independent Title Agents (OAITA) today released findings from a two year study of Ohio’s real estate consumers concerning their settlement service preferences.  Here are the highlights from the Executive Summary: More…