Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 01/02/19
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
20 Real Estate and Title Industry Fun Facts From 2018
Prop Logix - Do you enjoy random fun facts? Are you a Realtor or title agent looking to entertain your clients with fascinating nuggets of info related to your chosen profession?

What type of fee do you pay for title insurance and when? - Take this flashcard / Quizlet to test your knowledge on title Insurance.

Here’s what title insurers need to know about the feds’ new rules for all-cash real estate deals
HousingWIre - Last month, the Treasury Department’s Financial Crimes Enforcement Network announced that it was expanding on its rules that require title insurers to report buyers’ identities and the source of the funds for certain residential real estate deals.

Yes, Big Platforms Could Change Their Business Models
Wired - IN 2006, JEFFREY Hammerbacher, then a recent Harvard graduate in math, became an early employee at a budding company founded by another Harvard student named Mark Zuckerberg. 

Title Insurance Opportunity - Own a Piece of the Panorama of the City of New York at the Queens Museum
Untapped Cities - If you are looking to own property in New York City, this may be the cheapest way to do it. For as little as $100 you can “purchase” a piece of New York City real estate on the The Panorama of the City of New York inside the Queens Museum.

Denver staff will personally attend hundreds of home closings to fix city’s affordable housing mess
The Denver Post - Denver has a new strategy to keep track of a troubled affordable housing program: City staff will personally attend future sale closings for the 1,302 homes that are intended for people with lower incomes.

What Brokers Are Saying About Cannabis CRE Deals - New Apto national survey reveals the majority of brokers will transact another cannabis-related deal.

Close in an Instant!
Fidelity National Agency Solutions offers its agents a new limited curative, quick close idX solution with idX.

Notice and opportunities to comment
CFPB (Consumer Financial Protection Bureau) - Check here for notices and opportunities to comment posted by the Bureau of Consumer Financial Protection (BCFP). These requests can include: proposed rules, requests for information, and Paperwork Reduction Act notices that give the public an opportunity to comment on certain planned or existing reporting, record keeping, and disclosure requirements.

Legal News
Buyers (Really Need To) Beware!
JD Supra - The Pennsylvania Association of Realtors (“PAR”) Standard Agreement for the Sale of Real Estate (“Agreement of Sale”) is probably the most widely used Agreement of Sale for residential real estate transactions across the Commonwealth. 

Vullo to Step Down as New York Insurance Regulator; Gov. Cuomo Weighs Successor
Insurance Journal - Maria Vullo is stepping down as head of New York’s banking and insurance regulator, she said in an interview, after three years in which she created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at Obamacare and payday-lending rules.

Who Is Linda Lacewell, Cuomo's Rumored Replacement to Head DFS?
Yahoo! Finance - Before Linda Lacewell was a top aide to Gov. Andrew Cuomo and his rumored replacement to head the state’s financial regulatory agency, she was a fierce federal prosecutor with the U.S. Attorney’s Office in Brooklyn.

After Foreclosure, New Owners Must Perfect Title Before Serving a Three-Day Notice to Quit
JS Supra - On December 17, 2018, in Dr. Leevil, LLC v. Westlake Health Care Center, (2018 S.O.S. 5945), the California Supreme Court addressed a split in authority on the issue of when a new owner, who has acquired title to property after a trustee's sale, may serve a three-day written notice to quit on a tenant.

Tech / Social Media
Land on Blockchain? County of Wyoming Puts Real Estate Records on Blockchain
Bitcoin Exchange Guide - Wyoming has proven to be one of the more friendly in its approach towards blockchain technology, and is poised to take an even more active step in leveraging it.

Arizona realtor surprised to find Canadian "white hat" hacker talking to him through his smart doorbell
BoingBoing - Arizona realtor Andy Gregg's Nest doorbell/camera started talking to him: the voice on the other end identified itself as a Canadian "white hat" security researcher who'd broken into his camera by using a password that Gregg had used on multiple services, including some that had been breached.

World News
India real estate outlook: 2019 will be a year of both challenges and opportunities (India)
CNBCTV18 - The year 2019 will be both challenging and opportunistic and the ones likely to succeed are those who embrace the changing market dynamics. 

See How Much Beer $1 Would Buy You Around the World
Mental Floss - For many travelers, sampling a foreign country's beer can be the highlight of a trip. But just as the beer selection varies depending on what part of the world you're in, so does the price of a pint.

New Year's Traditions from Around the World
The Old Farmer's Almanac - How to have a happy New Year anywhere!

Title Agency & People in the News
Deb Ormseth to retire from Consolidated Title Services
DL-Online - Consolidated Title Services has announced the retirement of Deb Ormseth set for Jan. 4, 2019. Ormseth has served as a licensed title insurance agent as well as a licensed abstracter for the state of Minnesota for over 32 years.

Title Agents Go Nationwide
For agents interested in growing their businesses by expanding into multiple states, we’re here to make the process simple and profitable. We offer you one point of contact to streamline your options and solutions.

In Other News
Enjoy These Eerie Photos of Empty NYC in the Pre-Dawn Hours
Gothamist - The city may never sleep, but it does get sleepy.

The Time Australian Researchers Studied Why There Are Never Any Spoons in Your Office Kitchen
Mental Floss - As with any communal space, office kitchens are replete with their own particular problems. There are always dirty coffee mugs in the sink, directly under the “please wash your dishes” sign.

Where Have All the Vowels Gone?
The New York Times - The first step in the next stage of language’s inevitable evolution — or devolution — may have already hppnd.

21 People Who Technically — TECHNICALLY — Didn't Do Anything Wrong
BuzzFeed- They're not wrong!

Pop Culture Gargoyles Hidden in Gothic Architecture
Atlas Obscura - Fascinating ghouls of another era, gargoyles emerged around the 13th century in European architecture with a vast array of form and function.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group