Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 03/07/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Why Jersey’s foreclosure crisis is cause for celebration to some
The Real Deal - The New Jersey housing market marches to the beat of its own drum. As foreclosures nationally hit an all-time low, New Jersey’s housing market is seeing repossessed homes reach a 11-year high. 

Strategies to grow your title company amid unpredictable regulations
PropLogix - There’s been a lot of attention on the title insurance industry in New York lately. The Department of Finance’s newest regulations hit the title industry hard by forbidding traditional marketing efforts to persuade mortgage providers, real estate attorneys, and developers to work with them. 

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How to Calculate Oil and Gas Royalty
CourthouseDirect.com - Oil and gas royalties are some of the most important parts of the leases between production companies and landowners. Royalties refer to landowners’ shares of the gross production of oil and gas, typically free from production costs.

U.S. Commercial Real Estate Development and Operations Supports 7.6 Million Jobs, Contributes $935.1 Billion to the Economy
NAIOP - New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. The combined impact: Commercial real estate supported 7.6 million American jobs and contributed $935.1 billion to U.S. GDP in 2017.

Legal News
Pennsylvania Appellate Court Affirms Order Granting of Summary Judgment to Title Insurer Based on Survey Exception 
Lexology - The Superior Court of Pennsylvania recently affirmed a trial court’s order granting a title insurance company summary judgment based on a defect that a survey of the premises would have shown. See Kreider v. Correia, 2018 WL 359285 (Pa. Super. Ct. Jan. 11, 2018). 

Lawsuits claim shell companies fabricated home property deeds
The Real Deal - In separate lawsuits, a handful of shell companies that trace to Los Angeles are being sued for creating phony property deeds, posing as the owners of distressed homes.

Real Property, Financial Services, & Title Insurance Update: Week Ending March 2, 2018
Carlton Fields
Real Property Update
Foreclosure / Standing / Statute of Limitations
Foreclosure / Sufficiency of Testimony
Financial Services Update
FDCPA
TCPA
Title Insurance Update
Damages
Exceptions to Policy
Exclusion 3(a)
Mechanics' Liens
Tortious Interference
Unmarketability of Title

Real Property, Financial Services, & Title Insurance Update: Week Ending February 16 & 23, 2018
Carlton Fields
Real Property Update
Breach of Contract / Damages
Foreclosure / Standing / Default
Subscription Agreements
Time for Appeal
Many More ...
Financial Services Update
Dodd-Frank
FACTA/FCRA
TILA
FDCPA / Standing

Eighth Circuit Holds Exclusion 3(a) May Bar Title Insurance Claim Regarding Mechanics’ Liens, Even if the Insured Lender’s Conduct Was Not Intentional 
Lexology - In a published opinion, the United States Court of Appeals for the Eighth Circuit recently held, among other things, that a title insurance company may deny coverage of an insured lender’s claim relating to mechanics’ liens under Exclusion 3(a) of the title insurance policy, even if the insured lender’s conduct was not intentional.

Tech / Social Media
Chains of Knowledge - Chain Reactions
DS News - While today’s technological landscape is evolving at a breakneck pace, many of the core aspects of the housing and default servicing industries remain rooted in the same forms they have been for decades.

Congress asked to crack down on mortgage “trigger leads”
The Real Deal - You’ve probably never heard of a “mortgage trigger lead.” But as a consumer, you might be shocked to learn that in an era of massive data breaches and hacks — witness the Equifax debacle — they even exist.

Washington Suburb Targeted by Cybercrime and Ransomware Attacks – Cyber News
JD Supra - A recent report from The Seattle Times provides details on a series of social engineering and ransomware attacks successfully perpetrated on a Seattle suburb during the second half of 2017. 

How one “like” on Twitter upset Marriott’s business in China
The Real Deal - Doing business in China requires knowing the country’s politics and geography as Marriott International learned the hard way.

Title Agency & People in the News
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.

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In Other News
Poodle, Dachshund, Terrier, and More: How 13 Dog Breeds Got Their Names
QuickandDirtyTips.com- Some dog breed names are obvious (just watch a retriever with a tennis ball), but others take some digging to understand. But once you learn the origins of these 13 names, you're likely to nod your head in recognition

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Horror Movies Based on My Actual Fears
The New Yorker - I have to walk for more than two minutes through a dark parking lot to get to my car. Nothing happens, and I reach my car safely, but the John Williams score swells and heightens the suspense, so I start running, my eyes darting around—

Incredible images of Los Angeles when it was covered in wetlands
Business Insider - Before Los Angeles became the center of the film industry, it was covered in wetlands and farmland. Archival photos from the USC Libraries show what LA looked like before it became a modern municipality. Take a look at the city's transformation.


Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group
347-987-0677