Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 03/28/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
EB-5 program extended through September
The Real Deal - The EB-5 visa program is sticking around, though there is a mixed reaction about the circumstances. The program, which allows foreign investors to obtain a green card if they put $500,000 into job-creating projects, will remain in place until September 30, thanks to its inclusion in the spending bill Congress passed yesterday as Mansion Global reports.

Where are the New Mortgage Competitors?
NuWire Investor - The trillion-dollar real estate finance industry is on the cusp of major change. The big question: Who will capture the big revenues and huge profits that await those who can market best and cut costs the most?

The hunt for dirty money in real estate will keep going, feds say
Daily Republic - The federal government says its hunt for dirty money in luxury real estate in South Florida and other high-priced housing markets is working – and the temporary initiative is being extended yet again.

Want to Vent About Regulations Adopted By the CFPB?
JD Supra - The CFPB recently issued a formal invitation (a Request for Information [RFI] for you to do just that, as well as to comment about any of the new regulatory authorities given to the CFPB by the Dodd-Frank Act.

Legal News
Real Property, Financial Services, & Title Insurance Update: Weeks Ending March 9 & 16, 2018
JD Supra -
Real Property Update:
Condition Precedent
Unclean Hands
Reestablishment of Lost Note
Foreclosure / Notice
Foreclosure/Statute of Limitations
Financial Services Update
Title Insurance Update
Escrow Agent's Duties
The Law Offices of Vincent Wong Notifies Investors in Stewart Information Services Corporation of an Investigation in Connection with the Sale of the Company to Fidelity National Financial, Inc.
Business Wire - The investigation concerns whether the Stewart Information Board of Directors breached their fiduciary duties to Stewart Information stockholders by failing to adequately shop the Company before entering into this transaction and whether Fidelity National Financial, Inc. is underpaying for Stewart Information shares, thus unlawfully harming Stewart Information stockholders.

Meandering the Mesquite: WHO REALLY OWNS GREEN VALLEY? History of San Ignacio De La Canoa land grant
GV News - When you buy a property, there is a title search, seeking the history, and if there are no liens or questions, title insurance is purchased from an insurance company to protect your investment. Buyers (through the insurers) feel comfortable that they are protected from any claims. What happens if they got it wrong?

Vantage Point: One Parcel, Three Views
The American Surveyor - As surveyors, we encounter tracts of land that have different values depending upon who is making the assessment. Today's example relates to a property (Lot 2) in the rural southern part of New Jersey with limited frontage on a state highway, situated behind a lot that was divided out of it in 1976 (Lot 2A). 

Tech / Social Media
REBNY to Extend Reach with Global PropTech Contest
Commercial Observer - The Real Estate Board of New York is planning a property technology contest open to global innovators, marking the first worldwide initiative by the 122-year-old organization, Commercial Observer has learned.

Tennessee Establishes Legal Authority Of Blockchain Technology, Smart Contracts
ETHNews - On Thursday, Tennessee became the latest state to create a legal foundation for the usage of blockchain technology and “smart contracts.”

Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments
HousingWire - Hackers are posing mortgage and title insurance company employees in order to steal the down payments of homebuyers in one of the wealthiest cities in the country.

Title Agency & People in the News
Proper Title earns Excellence in Action Award
RE Journals - Commercial and residential title insurance firm Proper Title, LLC has been awarded the “Excellence in Action” award by Fidelity National Title Group, Inc. This is the fourth year in a row that the Palatine, Illinois-based company has received the award, which is given to title insurance agencies that exemplify outstanding performance in best practices, customer service and operations, among other criteria.

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
Frederick Herzberg Knew How to Grow a Business
Commercial Observer - Whether you are in commercial real estate brokerage, property management, title insurance, real estate law, architecture or with a company that invests in real estate, it appears that everybody today is trying to grow their platform, achieve more revenue and increase the productivity of their workforce.

Windsor Murder Factory
Atlas Obscura - You wouldn’t think this Connecticut home, with its catchy irregular brickwork and idyllic suburban surroundings, would be the historic home of a serial killer—much less a female serial killer—but that’s exactly what it is.

Name Dominoes
XKCD - Check out this webcomic of romance,
sarcasm, math, and language.

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