Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 06/13/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Title companies refusing claims for ‘affordable housing’ mistake - Some Denver homeowners who bought “Affordable Housing” homes they weren’t qualified to buy aren’t getting any help from their title company, who they thought they paid to catch such mistakes.

FinCEN Remains Mum On Details Regarding New Geographic Targeting Orders
JD Supra - We previously reported that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) had quietly extended its Geographic Targeting Orders directed at the luxury residential real estate market for another six months.

​Improving Transparency and Accountability at the BCFP
YouTube - ​Subcommittee on Financial Institutions and Consumer Credit (Committee on Financial Services) Hearing: Improving Transparency and Accountability at the BCFP.

Improving Transparency and Accountability at CFPB
DS News - In a hearing by the House Financial Services Committee in April, Mick Mulvaney, Acting Director at the Bureau of Consumer Financial Protection (CFPB) had made recommendations to improve the “transparency and accountability,” at the Bureau.

Title insurance in India: Much-needed relief for home buyers
The Economic Times - Title refers to the legal right to a property which is obtained by a requisite registered document. Every time a property changes hands there is a change in the title as well. Somewhere in the chain of transfers and transmissions of the property, certain lacuna prevails and some defect in the title is observed. 

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
Trump Administration Sues California Over Land Sale Law
The Heartland Institute - The United States Department of Justice is suing the state of California to overturn a state law granting it the power to veto the sale of federal lands within the state to private individuals.

Real Property, Financial Services, & Title Insurance Update: Weeks Ending May 18 & 25, 2018
JD Supra
Real Property Update
Foreclosure / Standing / Attorney's Fees / Credit Agreement
Proposal for Settlement
Financial Services Update
Title Insurance Update
Foreclosure Commitment Fees
Statute of Limitations
Creditor's Rights Exclusions

Adverse Possession and Prescriptive Easements Are Not The Same
JD Supra - In our prior post — Equitable Easements and “Innocence” — we covered a portion of the California Fifth District Court of Appeal’s opinion in Hansen v. Sandridge Partners, L.P. For a description of the factual and procedural background of that case, please see the prior post.

How one urban farm was lost: La Finquita’s finale
WhyY - It started with a lock and a “No Trespassing” sign. They appeared one day on the fence at Lawrence and Master streets, next to a hand-painted sign reading, “La Finquita,” or little farm.

Action taken to end Hoxie grant
The Metro West Daily News - The Bourne Community Preservation Act Committee on Monday followed through on its promise to take procedural steps marking termination of the town agreement with the Hoxie Center for the Arts, Science, Culture and Education.

Colorado appeals court affirms nearly $1.4 million assessed against foreclosure lawyer
The Denver Post - Robert Hopp Jr. and his law firm lose appeal, likely to have to pay more as a result.

Koprivec v. Rails-to-Trails of Wayne County: What Deed Drafters Need to Know
JD Supra - Real estate attorneys are praising a recent Ohio Supreme Court decision which denounced a longstanding, yet oft-criticized deed interpretation rule from 1929.

Tech / Social Media
Feds arrest dozens in sweeping action against hackers targeting wire transfers
Housing Wire - The “Nigerian prince” who emailed you and offered millions of dollars in exchange for helping them get money out of the country may have just been arrested on wire fraud charges.

Title Agency & People in the News
Todd Russell receives award for professional excellence
Ruidoso News - Officials with Land Titles of Ruidoso, LLC, doing business as The Title Company, announced that the manager of thefirm's title department, Todd Russell, received the "Professional Excellence in Title" award for 2018 at the recent convention of the New Mexico Land Title Association in Albuquerque.

JetClosing snags $20 million to speed up homebuying process
The Seattle Times - Seattle startup JetClosing wants to cut out much of that pesky paperwork you have to sign while buying or selling a home, and the company raised $20 million from investors to do it.

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
Who Owns the New Land Created By a Volcano in Hawaii?
Neatorama - Mount Kīlauea on the big island of Hawaii has been spewing lava for over a month now. Thousands of acres have been covered by new molten rock, and it's flowing out into the sea. When that happens, lava will cool, harden, and can create new land, sometimes hundred of acres at a time. Who owns that new land?

How Many Liquor Bottles Can You Find in This 1931 Map of Chicago?
Atlas Obscura - On February 14, 1929, around 10:30 a.m., Clark Street in Chicago was rattled by gunfire. The city’s most powerful gang leader, Al “Scarface” Capone, had finally sent some hit men after a rival gang. When the shots subsided, seven people were dead. It was, the Chicago Tribune later put it, “the most infamous of all gangland slayings in America.”

A door that opens as you close it? - Bosworth’s Paradox is the name given by real estate agents to the old philosophical problem of a door that opens as you close it.

Medieval France Actually Had the Perfect Bedroom Solution for a Studio Apartment
Apartment Therapy - In the third chapter of Wuthering Heights", the narrator, finding himself at the manor house of the same name, describes a room with a curious kind of bed:

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