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…

David Stevens Steps Down From FHA

March 11, 2011 – David Stevens, the much-maligned former officer of Long & Foster Realty’s CBA division, has resigned from his post as Commissioner of the Federal Housing Administration today.  Stevens’ appointment to FHA had been shelved after concerns were raised that he was the subject of RESPA litigation involving allegations that, while at Long &…

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…

ALTA Sides with CBAs

ALTA and each of the national title underwriters joined RESPRO, NAR and MBA in filing amicus briefs in the Edwards case opposing independent title agents and supporting a narrow view of RESPA Section 8. January 19, 2011- Prior to the filing of an amicus brief in the United States Supreme Court concerning the Edwards v. First American Title action, ALTA and…

Home Prices Fall 1.3% in October, 2010

<![CDATA[December 28, 2010 – The Washington Post is reporting today that home prices in the 20 largest metropolitan areas of the United States fell again by 1.3% from the period September, 2010 to October, 2010.  The measure is a continuing gauge on the declining housing economy which has not managed to maintain government-supported momentum since April,…

NAILTA Takes Stand on MERS & H.R. 6460

NAILTA has issued a white paper on the recent troubles with the MERS registry and Rep. Marcy Kaptur’s H.R. 6460 which seeks to prevent GSEs from utilizing the MERS system. Click here to read about it. December 9, 2010 –   Marcy Kaptur (D-OH), a Congresswoman from Toledo, Ohio, has introduced H.R. 6460 a bill…