NAILTA Issues Position Paper on HR 2425 MERS Bill

The National Association of Independent Land Title Agents (NAILTA) has issued a position paper on Congresswoman Marcy Kaptur’s HR 2425 which would again ask HUD to investigate the Mortgage Electronic Registry System (MERS) through a HUD study and limit the accessibility to MERS by governement sponsored enterprises such as Fannie Mae and Freddie Mac, which curiously,…

U.S. Senator Sherrod Brown Visits OAITA

On August 8, 2011, U.S. Senator Sherrod Brown addressed a full audience at the Ohio Association of Independent Title Agents (OAITA) annual convention in Columbus, Ohio.  NAILTA and OAITA members have since visited with Senator Brown’s representatives in Washington, DC to highlight independent title insurance agent issues.

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 &…