FATIC Appeals to U.S. Supreme Court

First American (FATIC) has appealed the Ninth Circuit Court of Appeals decision in Edwards to the U.S. Supreme Court.  Ninth Circuit had sided with Plaintiff and NAILTA, which filed an Amicus in the case. November 30, 2010 – The Edwards case involves the use of captive title insurance agreements by a title insurance underwriter to gain market share in exchange for…

Good News, Bad News from Housing

<!–[CDATA[ November 11, 2010 – The good news. Foreclosure filings were reported on 332,172 properties during the month of October, according to data released by RealtyTrac Thursday. That tally represents a 4 percent decrease from the previous month. RealtyTrac says the numbers probably would have been higher except for the fallout from the recent robo-signing…

IL: CPL Requirements Have Changed

Under Illinois law, title insurance companies and agents will not be permitted to act as an escrow agent in a commercial or residential closing involving less than $2 million dollars unless a closing protection letter is issued. The bill mandates the use of closing protection letters (CPLs) for transactions under $2 million dollars and where…

NAILTA Responds to HUD’s ANPR

NAILTA seeks comprehensive RESPA reform through ANPR and highlights industry data to dispel notion that CBAs and “one-stop” shops are good for consumers. August 30, 2010 – The National Association of Independent Land Title Agents (NAILTA) has filed its public response to HUD’s Advanced Notice of Proposed Rulemaking (ANPR) concerning HUD’s proposal to amend the “required use” definition under…