Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 05/30/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
5 Questions To Ask When Obtaining A Mortgage Satisfaction
PropLogix - One of the most frustrating things about working in the title industry is having to reopen a file that has been filed away after closing because an issue arises. This can happen every once in a while when another agent working on a new deal involving a property you previously closed realizes a satisfaction was not properly recorded months or years after your closing. 

How to detect mortgage wire fraud before it is too late
Housing Wire - Wire fraud victims have few options once they discover they’ve been had. But when minutes mattered, one Michigan homebuyer enlisted the help of a few friends—and made a recovery. 

NAR midyear forecast: Despite inventory, home sales expected to rise in 2018
Housing Wire - Several speakers at the 2018 Realtors Legislative Meetings and Trade Expo stated that they are forecasting a slight increase in home sales for 2018, but that growth won't come without some obstacles.

Watt: “These Conservatorships are Unsustainable”
DS News - In what is being widely viewed as his last testimony as Director of the Federal Housing Finance Agency (FHFA), Melvin Watt appeared before the Senate Banking Committee to appraise them on the status of the housing finance system on Wednesday.

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
DNR Rescinds West Side Waterfront Ruling
Door County Pulse - The Wisconsin Department of Natural Resources withdrew its declaratory ruling on the Ordinary High Water Mark (OHWM) on Sturgeon Bay’s west side waterfront Tuesday, May 15.

Reverse Mortgage Update: New York Law Mandates New Foreclosure Notices and Certificate of Merit
JD Supra - New York has signed into law an amendment redefining a reverse mortgage as a “home loan.” With this amendment, statutory pre-foreclosure ninety day notices (RPAPL 1304) and a “certificate of merit” (CPLR 3012-b) will be required in all New York reverse mortgage foreclosures.

Colorado Amends Provisions Related to Foreclosure Sales for Properties Encumbered by Deeds of Trust
JD Supra - Colorado has enacted House Bill 1254, which modifies and clarifies aspects of the foreclosure process for properties that are encumbered by deeds of trust. Among other things, the bill does the following:

9 provisions of reg relief law important to small banks
American Banker - With the stroke of a pen, President Donald Trump enacted a regulatory relief bill on Thursday, a law that will make the most significant changes to the Dodd-Frank Act since it passed in 2010. 

New York Appellate Court Dismisses Claim Against Title Agent Based on Title Policy’s Merger Clause 
Lexology - Riker Danzig Scherer Hyland & Perretti LLP logo New York’s Appellate Division recently affirmed a lower court’s dismissal of an insured’s claim against a title agent because, among other things, the…

Tech / Social Media
What You Can Expect If You Are Willing To Accept Cryptocurrency For Selling Your House
Forbes - After a long debate, my wife and I decided we were going to put our house on the market, but I had one condition. The condition was that we would accept cryptocurrency, such as Bitcoin, as a source of payment. My wife was somewhat hesitant at first, largely due to the volatility associated with cryptocurrencies, but ended up agreeing.

Hit by Wire Transfer Fraud? Use the Kill Chain Process
ALTA (American Land Title Association) - Criminals launder billions of dollars overseas through financial fraud schemes like wire transfer fraud, corporate account takeovers, business e-mail compromise scams and other financially motivated crimes.

Bitcoin conferences flood New York, bringing millions in ticket sales
CNBC - Cryptocurrency conferences are still a massive business, even if bitcoin's price has plunged this year.

Crisis Planning: How to Publicly Respond to Business Problems
Social Media Examiner - Want to be prepared for problems in your business? Wondering how to plan a public response to any issue?

Title Agency & People in the News
2017 ALTA TIPAC Awards
ALTA - American Land Title Association - During the 2018 Advocacy Summit, ALTA honored individuals and entities for their effort in helping to raise a record amount of donations in 2017 for the Title Industry Political Action Committee.

Counsellors Title Agency Crosses Benchmark in Processing 30,000 Title Orders
PR.com - Counsellors Title Agency, Inc., www.counsellorstitle.net, is pleased to announce that the agency has processed over 30,000 title orders from its founding in 1996 through March 2018.

Title Action Network Members Honored for Active Participation
ALTA (American Land Title Association) - Several members of the Title Action Network (TAN) were honored during the 2018 ALTA Advocacy Summit for advocating on behalf of the title insurance industry.

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Real estate agent hoping to give animals a second chance at life
Topix - A second chance at life: that's what a local real estate agent wants to give four-legged friends in need of a forever home. Terry Fraley wants to build an animal sanctuary that would house animals that can't stay at typical shelters, or those nearing the ends of their lives.

Carlisle Title Transforms Closing Process With Milestone Messaging
Cision PR Newswire - Carlisle Title, a provider of residential and commercial title insurance and closing services, has introduced Milestone Messaging, an innovative communication platform that provides buyers, sellers, real estate agents and lenders with real-time details on the closing process.

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
Was the Long Island Iced Tea Invented in … Tennessee?
Atlas Obscura - “Not since the ‘Battle of Long Island’ has Long Island’s honor been so challenged.”

Early Hackers Used Whistles From Cap’n Crunch Cereal Boxes
Atlas Obscura - CEREAL COMPANIES HAVE LONG USED box prizes as an inducement for children to nag parents into buying sugary breakfast food. From movie tie-in toys to video games on CD-ROM (remember Chex Quest?), cereal box baubles tend to be momentarily thrilling and then quickly forgotten. Except when they’re used for hacking.

Must See Terrible Photos
Terrible Real Estate Agent Photographs - Dennis promised himself that next time he’d buy furniture that matched his legs exactly. No compromises.

Remembering One of the Most Violent Days in the History of the U.S. Senate
Atlas Obscura - On May 22, 1856, a member of the U.S. House of Representatives caned a Senator into unconsciousness.


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