Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 04/04/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Denver gives homeowners in troubled housing program time to cure violations, blames oversight groups
The Denver Post - 306 units are violating city rules in some way, 196 are properties where affordability requirements are no longer noted on deeds

Why consumer protection regulation is necessary — but often useless
Housing Wire - The TRID rule is a perfect example of good intentions colliding with reality

Forget Tiny Houses; the Design-Obsessed Now Want Homes in Miniature
Bloomberg - Building scale models of a beloved home that can fit on a tabletop has literally become a cottage industry.

CFPB seeks comment on its guidance and implementation support
The National Law Review - The CFPB has issued a request for information that seeks comment on its guidance and implementation support. Comments on the RFI must be received on or before 90 days after the date the RFI is published in the Federal Register, which the CFPB expects to occur on approximately April 2, 2018.

Plainview firm charged with overbilling - A Plainview law firm has been charged with overbilling Fannie Mae for foreclosure expenses, authorities said Wednesday.

Legal News
HOA Super-Priority Lien Law Preempted by Federal Statute
JD Supra - Given the significant role Fannie Mae and Freddie Mac have in the national housing market, it is unsurprising that both have become embroiled in the Nevada HOA super-priority lien litigation.

Real Property, Financial Services, & Title Insurance Update: Week Ending March 23, 2018
JD Supra
Real Property Update
Foreclosure / Amendments to Conform to Evidence
Tax Appeal / Defense Class
Interpretation of Condo Declaration
Foreclosure / Standing
Financial Services Update
Title Insurance Update
Exclusion 3(a)
Fortuity Doctrine
Texas Federal Court Holds Exclusion 3(a) Bars Claim of Insured Owner and Bankruptcy Trustee
Lexology - The United Stated District Court for the Eastern District of Texas recently affirmed a bankruptcy court’s holding that an insured’s claim was barred under the title insurance policy’s exclusion for title risks “created, allowed, or agreed to by” the insured.

Tech / Social Media
Blockchain laws tend to be hasty, unnecessary, and extremely thirsty
The Verge - Jason Powell, a real estate broker and Democrat who has served in the Tennessee State Legislature for six years, became interested in cryptocurrencies in 2017 as the price of Bitcoin was spiking. 

NextAce® Expands Industry Partnerships and Delivers “Title Reports in Minutes”
Virtual Strategy Magazine - NextAce [3/30/18] announced two first of their kind solutions for the Title Insurance Industry.

2018 Housing Wire Tech 100 Winners!
Tech100 Winner: NextDeal
Housing Wire - NextDeal is an automated pre-closing title or mortgage forms provider for buyers, sellers and borrowers. The company has created a smart interface and platform, preDOCS, for the consumer to answer questions securely, especially when uploading sensitive banking and personal information.

Tech100 Winner: ClosingCorp
Housing Wire - SmartEngine enables title organizations to collect and manage specific rate and fee data

Tech100 Winner: RynohLive
Housing Wire - A web-based bridge application for escrow account management practices

Tech100 Winner: Simplifile
Housing Wire - Partnered with Docutech, Simplifile delivers eSign, eNotarization and e-recording to lenders and borrowers

Title Agency & People in the News
Orlando title agent gets six-year jail sentence; husband charged
Orlando Sentinel - Orlando title agent Leaza Lopez, the daughter of a well-known real estate power couple, is now serving a six-year jail sentence for a million-dollar-plus fraud. Her husband, Miguel Lopez, was also arraigned recently on similar theft and conspiracy charges.

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
Why Mark Zuckerberg Should Read “A Tree Grows in Brooklyn”
The New Yorker - Betty Smith, the author of “A Tree Grows in Brooklyn,” was a good observer of the economics of various opportunities, including those based on intellectual property.

Wraparound Building with Blank Middle Going Up on Broadway in Bushwick
Brownstoner - Looking like a scene plucked from the movie “Up,” a rendering shows a seven-story mixed-use building with 32 apartments will rise up around three sides of a diminutive fast food spot on the corner of Broadway and Halsey Street in Bushwick.

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