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…

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…

NAILTA Issues Foreclosure Crisis Memo

NAILTA has issued a detailed primer for all title insurance agents on the foreclosure crisis.  By now you have probably read about – and no doubt have heard about — the fact that bank foreclosure processes across the United States are under intense levels of scrutiny due to the fact that, in some foreclosure cases,…

CA: Introduces TOD Deed Legislation

The Senate Appropriations Committe of the California General Assembly recently held a hearing regarding a bill introduced in the California Assembly that would establish a revocable transfer on death deed in the state. The proposed bill is known as AB 724. The bill would, until January 1, 2015, create the revocable transfer on death deed,…

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…