Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 08/29/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Looking into the Housing Market in 2019
DS News - Sam Khater spends his day ensuring that Freddie Mac’s economics and research team delivers valuable insights and analysis on economic trends and policy issues affecting Freddie Mac and the housing market.

United Wholesale fights back against Quicken Loans’ allegation of mortgage mischief
Housing Wire - Quicken claims that UWM workers littered the outside areas around its Detroit and Phoenix offices with flyers seeking to undermine its employees.

Title price comparison service expands
The Title Report - A technology-driven comparison service for title insurance and settlement services has expanded service into a second state, the company announced.

The anti-money laundering stalemate
The Real Deal - Political infighting in Washington has choked efforts to reveal kleptocrats and terrorists using U.S. real estate and bank accounts to wash dirty money at a growing rate

Clean money is a long-term blessing for Miami real estate
Miami Herald - The Miami Herald recently published an insightful article about Sen. Marco Rubio’s proposal to expand a federal anti-money laundering initiative from Miami (and a few other luxury real estate locations) to the entire nation.

Real Property, Financial Services, & Title Insurance Update: Weeks Ending August 10 & 17, 2018
JD Supra
Real Property Update:
Foreclosure / Loan Modification / Redemption
Condo Law / Lease Renewal / Adverse Possession
Financial Services Update:
Title Insurance Update:
CPL / Timely Notice

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
Did you know that GTO’s have a $300,000 Threshold?
JD Supra - A GTO is a Geographic Targeting Order issued by the Financial Crimes Enforcement Network (FinCEN) under the Bank secrecy Act (BSA) for a specific geographic area.

Determining Who is a Borrower Under a Reverse Mortgage - Westlaw Journal
JD Supra - As attorneys representing the financial services industry well know, the financial crisis of 2007-2008 resulted in a wave of foreclosures across the country as borrowers struggled to make payments on their mortgages.

Concerns over Oklahoma pot law continue to emerge
Newsok - Almost daily, it seems, another layer of the medical marijuana onion is peeled away and exposes a concern related to the law approved by a wide margin in June by Oklahoma voters.

The National Mortgage Settlement is officially over
Housing Wire - The National Mortgage Settlement is no more. RIP.

In India, Builders Wary of Title Insurance Fearing Cost Escalation
The Week - Even as the Real Estate
(Regulation and Development) Act makes it mandatory for
developers to take title insurance, builders are hesitant to
adopt it, saying it may further add to financial burden, say

Tech / Social Media
Ohio County Thinks Blockchain Could Be as Disruptive as Email - As the Franklin County Auditor's Office prepares to become the first in Ohio, to use blockchain technology to transfer property deeds, lawmakers say it's time for the state to capitalize on what some call the Internet's next leap forward.

New Blockchain Law Passed in Vermont Following Propy’s Successful Title Registry Project
Business Wire - Vermont Governor Phil Scott today ceremonially signed into law bill S.269 (Act 205), legislation supporting the development of blockchain businesses in Vermont.

Worried About Getting Duped by Fake Photos? Try This Browser Plug-In
Mental Floss - It’s easier than ever to get fooled online, especially by photos. Sophisticated editing can make doctored images look like legitimate photojournalism ...

Facebook is a failed experiment
The Week - Only a few years ago, the claim that Facebook was bad for society sounded like baseless techno-panic. How times have changed.

Title Agency & People in the News
Kent Recorder of Deeds candidates spar over title theft prevention
Delaware State News - The alleged danger Kent County residents face from title fraud is a quickly emerging bone of contention in the county’s Recorder of Deeds race.

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
What Would English Sound Like If Its Rules Were Consistent?
Mental Floss - The English language isn’t always logical. Take the following words: wound, bow, produce, present, tear, and wind. Their pronunciation depends entirely on whether they’re used as a verb or a noun.

The Paris Aquarium Is Home to a Massive Rescued Goldfish Sanctuary
Mental Floss - The future rarely looks bright for an unloved goldfish.

What did Earth look like 240 million years ago? - Early Triassic. Oxygen levels are significantly lower due to the extinction of many land plants. Many corals went extinct, with reefs taking millions of years to re-form.

How Two Thieves Stole Thousands of Prints from University Libraries
Atlas Obscura - They almost got away with it.

Sheep on a Swing
Neatorama - Trying to keep up with the rest of the flock, this sheep went headfirst into a tire swing -but didn't make it out the other side. 

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