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,…

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…

Ohio Supreme Court Says No to Equitable Subrogation

August 25, 2010 – The Ohio Supreme Court has reversed the Eighth Appellate District (Cuyahoga County, Ohio) and a trial court holding that the doctrine of equitable subrogation does not apply to allow a mortgagee-bank to take priority over a second mortgage to the Cuyahoga County Department of Development (CCDOD) when the mortgagee-bank refinanced the…