Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 03/21/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Fidelity National Financial, Inc. Announces Signing of a Merger Agreement to Acquire Stewart Information Services for $50 per Share in Combination of Cash and FNF Common Stock
Cision PR Newswire - "We are excited to welcome Stewart, its employees and its customers to the FNF family," said FNF Chairman William P. Foley, II.

The Week Ahead: Interest Rates Rising Again?
DS News - The Federal Open Market Committee (FOMC) and the Federal Reserve Board of Governors Board of Governors are set to convene on Tuesday at 9 a.m. EST, kicking off the latest two-day FOMC meeting. 

NY Senate budget offers title insurance companies a lifeline
The Real Deal - The New York State Senate threw title companies a rope in its proposed budget Wednesday. The Senate’s budget for fiscal 2018-19 contains language that would rollback a series of strict anti-marketing regulations enacted last month by the Department of Financial Services. 

Pros, Cons, and Myths About Reverse Mortgages
Realty Biz - As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially worth $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated. 

Legal News
Quicken affiliate hit with $706M verdict
The Detroit News - A Quicken Loans affiliate based in Detroit has been ordered to pay $706.2 million after a Texas jury this week found it had taken trade secrets from a real estate data firm, officials announced Thursday.

Woman Faces Battle Over Property She Believes She Purchased - A Rio Grande Valley woman is fighting to purchase a property she thought she owned for years. She is caught in the middle. Perla Garcia thought she bought her dream home eight years ago.

Former Hubbard attorney sentenced to 3 years in prison for bank fraud
NBC 21 WFMJ - A former Hubbard attorney who gave up his law practice as he was about to be disciplined will now spend 3 years in prison. Richard James Lacivita, who was originally charged with bank fraud and making a false statement on on a loan appeared in front of a federal magistrate on Monday. 

Tech / Social Media
RealBlock Expands Property Title Network in Arizona With Addition of Landmark
Blockchain News - RealBlock, a US-based real estate blockchain enterprise aiming to streamline the property purchase closing process, announced, on Wednesday, further expansion of its Arizona network with the addition of Phoenix group, Landmark Title Assurance.

Title Agency & People in the News
Chicago Title Agency leader shows value of networking
AZ Big Media - There’s a concept in economics and business called “The Network Effect,” a phenomenon where increased numbers of participants improves the value of a good or service. Basically, the more people that use it, the more valuable it becomes. Eric Wolfe, vice president of commercial sales at Chicago Title Agency, applies this same model to his business except the good and service is himself, offering a wealth of insider knowledge and professional relationships that he developed throughout the industry since starting in 2002.

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
3 Ways Attorneys Can Generate Business Development Leads with Their Speaking Gigs
JD Supra - You did it: you finally got selected to present at the trade association conference whose attendees are your primary target clients. It's a great opportunity for you to brand yourself as a subject matter expert and draw some attention to you and your firm as go-to resources.

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