Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 02/13/19
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Why the UCD Regulation Is Good For Settlement Agents
PropLogix - After the Dodd-Frank Act was passed, the Consumer Finance Protection Bureau (CFPB) was tasked with combining the Truth in Lending Act and Real Estate Settlement Procedures Act disclosures (TILA-RESPA).

The Future of Online Closings
The M Report - The current movement and excitement surrounding moving real estate closings online is not a new trend. 

Opportunity Zone Funds - Part II: Due Diligence Required
Lexology - As with any investment, due diligence is required. Investing in an Opportunity Zone Fund (“OZF”) is not any different.

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
NYDFS issues title insurance guidance following Appellate Division ruling on Regulation 208 
Lexology - On January 31, NYDFS issued Supplement No. 2 to Insurance Circular Letter No. 1 (2003), which provides guidance to the title insurance industry…

Anonymous Condo Buyers Thrive Despite Disclosure Rules
The Wall Street Journal - Title-insurance companies are required to report identity of buyer for residential deals of $300,000 or more made in a corporate name and without a mortgage

Costly Heating Oil Spill Nightmares Leave Homeowners Devastated
NECN - Cleanups ranging from $20k to $300k are usually not covered by insurance

Education is key to water rights
Camp Verde Bugle - More than 20 years ago, Carmen Howard relocated from California and bought land in Cottonwood. “I came to Verde Valley from a culture where we all had nice green lawns, swimming pools and beautiful landscaping without a worry about water ..."

After Losing the Vote, Oil & Gas Opponents Try Litigation
JD Supra - Recently, Colorado voters rejected Proposition 112, which would have changed Colorado law to require 2,500-foot setbacks between new oil and gas development and homes or other (vaguely described) “vulnerable areas.”

Stolen homes: A Philadelphia housing scam prompts crackdown, reports NBC10
The Philadelphia Tribune - Man accused of forging deeds to steal homes in Brewerytown.

A South Carolina ice cream shop gives up its fight against the Confederate flag
The Post and Courier - Palmetto Politics - Tommy Daras saw the Confederate flag when he moved to Orangeburg, but it was the brick bungalow at the busy intersection that first caught his eye.

Tech / Social Media
Bitcoin's Turning into Insurance Policy Against 'Irresponsible' Central Banks, Analyst Argues
ECOMI - Travis Kling, the founder and chief investment officer at Ikigai Asset Management, a digital asset hedge fund, recently said “there is a really a good chance we have something better than gold.”

Is blockchain for land succumbing to 'pilot-itis'?
Thompson Reuters Foundation News - The pilotitis epidemic is real. And the remedy: a sober look at whether a place is truly well-suited for blockchain technology

World News
Improper paperwork: Vancouver pioneer lanes subdivided … 133 years later (Canada)
Vancouver Sun - Legal notices tend to be fairly dry. But last week a real zinger popped up in The Vancouver Sun.

Title Agency & People in the News
Pilgrim Title Receives National Recognition for Marketing Campaign
Digital Journal - Pilgrim Title Insurance Company, a Rhode Island- based title and closing services provider, is generating national attention from the American Land Title Association for its marketing and social media efforts.

Did the Sex Dungeon Listing Photos of This Suburban Philadelphia Home Go Too Far?® - Local real estate agent Melissa Leonard took the plunge and showed off the sadomasochistic side of a $750,000 home in Maple Glen, PA. The home features a basement stocked with enough bondage implements to make Christian Grey blush.

LoHi Merchant Bank and Leading Title Insurance Executive Howard Turk form Investment Banking Joint Venture
Cision PR Web - Howard Turk’s ProsperitasForward and LoHi Merchant Bank announce the launch of a new investment banking joint venture called Turk & Company

Six promoted at TitleOne
Idaho Business Review - Abby Black, Cameron McFaddan, Jessica Meade, Randy Rabehl, Mark Tidd and Jason Vickrey have been promoted at TitleOne.

Trelora raises $800K, to launch title and escrow division
BusinessDen - Denver-based flat fee brokerage Trelora has attracted more cash as it prepares to add a new division and expand along the Front Range.

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
The Most Searched Romantic Comedy in Each State
Mental Floss - Valentine's Day is quickly approaching, which means rom-com season is in full swing. If you're looking for romantic movies to watch with your friends, your significant other, or yourself this February, Framebridge is here with some ideas.

'Tug-of-War-Proof' Comforter Pulls Apart So That Your Partner Can't Steal All the Covers
Mental Floss - Sleeping with a partner is great in theory, but in practice, sharing a bed with another person can get uncomfortable, fast. 

Which Invention Was Made by a Woman?
Mental Floss - Take the quiz and test your skill. You might be in for a few surprises.

Too Lazy to Exercise? Take a Hot Bath Instead
Neatorama - We all know that exercise is a good way to fight fat, but what if you actually don't need to be hot and sweaty to burn calories? 

'Coastline' Wave Pool
Atlas Obscura - Live data is transmitted from the Atlantic coast to instantly recreate the ocean waves in this fountain at the NOAA headquarters. 

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