RESPRO and the banking lobby continue their efforts to push the Mortgage Choice Act in Congress. The bill now has 26 co-sponsors, the vast majority of which are Republicans, and RESPRO has succeeded in getting the Ranking Minority Member, Rep. Maxine Waters (D-CA) to take a neutral position on the measure, thereby guaranteeing that if…
U.S. Court of Appeals Issues Ruling in Carter: Shortly before everyone left for their Thanksgiving holiday, the United States Sixth Circuit Court of Appeals in Cincinnati, Ohio issued a decision in the closely-watched Carter v. Welles Bowen Title, et al., case. The Carter case centered on the issue of whether the 1996-2 HUD Policy Statement,…
FOR IMMEDIATE RELEASE: November 20, 2013 CONTACT: Office of Communications – Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FINALIZES “KNOW BEFORE YOU OWE” MORTGAGE FORMS New Forms Improve Consumer Understanding, Aid Comparison Shopping, and Help Prevent Surprises Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) is issuing a rule today requiring easier-to-use…
On Monday this week, the Consumer Financial Protection Bureau(CFPB) files amicus brief in well-known Edwards v. First American kickback case. From the CFPB website – This case concerns the types of evidence a private plaintiff needs to put forward to demonstrate that a defendant paid for a referral in violation of the Real Estate Settlement Procedures Act…
To better educate consumers, lawmakers, NAILTA members and industry affiliates, NAILTA has consolidated the most recent and highlighted title insurance industry whitepapers and articles. Click here for the latest.
FOR IMMEDIATE RELEASE: October 24, 2013 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FILES SUIT AGAINST BORDERS & BORDERS, PLC FOR PAYING ILLEGAL REAL ESTATE KICKBACKS Company Funneled Kickbacks Through Network of Shell Companies WASHINGTON, D.C. — The Consumer Financial Protection Bureau today filed a lawsuit in federal district court…
This is an important update on H.R. 3211. At the end of September, a bipartisan group of representatives from the House Financial Services Committee introduced a RESPRO-sponsored piece of legislation known as H.R. 3211, the Mortgage Choice Act. Instead of proceeding on H.R. 1077, known as the Consumer Mortgage Choice Act, the new…
Earlier this year, the National Association of Independent Land Title Agents (NAILTA) commissioned the first ever public study of American real estate settlement consumer preferences. Known as the NAILTA SPS, the survey was given to real estate consumers at the time of their closing through a simple-to-complete five question process. The goals of the survey were simple. Discover whether American…
Never underestimate a determined opponent. On September 28, 2013, shortly before Congress shut down, a bipartisan group of representatives from the House Financial Services Committee introduced a RESPRO-sponsored piece of legislation known as H.R. 3211, the Mortgage Choice Act. Instead of proceeding on H.R. 1077, known as the Consumer Mortgage Choice Act, the new bill strips…
We are proud to announce that Arkansas independent land title agents have formed the Arkansas Association of Independent Land Title Agents (AAILTA) in affiliation with the National Association of Independent Land Title Agents (NAILTA). Click here for their website. The newly-formed organization is now taking membership applications from interested members. If you are interested in finding…
