Oklahoma Tornado

My Fellow Members and Friends It has been brought to our attention that two of our own have been affected by the devastating storms in Oklahoma. Various members of NAILTA and their families have sent donations to assist our fellow agents and the citizens of the town in their rebuilding process. I am asking you,…

Indiana Department of Insurance Wins Rate Appeal

On December 19, 2012, the Indiana Court of Appeals issued a reversal in a discriminatory rate case involving Ticor Title Insurance Company of Florida and the Indiana Department of Insurance. The case, styled Robertson, Insurance Commissioner of the State of Indiana v. Ticor Title Insurance Company of Florida, Case No. 49A02-1110-PL-971, upholds the previous administrative order…

NAILTA Weighs in on NAIC Escrow Theft White Paper

14916933_sAs the National Association of Insurance Commissioners (NAIC) and the title insurance industry attempt to address the concerns of regulators over the subject of escrow account theft and consumer protection issues, the National Association of Independent Land Title Agents (NAILTA) released the enclosed white paper and introduced an important predictive measure to help regulators spot title insurance underwriters who may be at greater risk for insolvency.

CFPB Publishes Final Qualified Mortgage Rule

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued its much-anticipated final rule concerning qualified mortgages. In July, 2010, Congress passed the Dodd-Frank Financial Reform Act mandating that the CFPB propose rules to protect consumers from toxic mortgage products. The CFPB, following its Congressional mandate, has created a final rule after reviewing 1,800 public comments from industry groups,…

Help Stop Referral Sources from Exempting AfBAs Under Dodd-Frank

The referral source lobby is making a last minute attempt to try to amend Dodd-Frank to exempt “affiliates” or controlled business arrangements from the 3% cap rule under Dodd-Frank.  Legislation which exempts affiliated business from certain provisions in the Dodd-Frank Act regarding Qualified Residential Mortgages may be considered in Congress before the end of the…