Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 09/12/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
Reaction Muted to Hensarling GSE Reform Plan
NMP (National Mortgage Professional Magazine) - A plan floated by Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, to scrap Fannie Mae and Freddie Mac and elevate Ginnie Mae to the position of government-sponsored enterprise (GSE) for housing was mostly met with silence from the financial services industry.

How to do A Municipal Lien Search for (ALMOST) Free
Prop Logix - In order for a title insurance policy to be issued a title search is required, but sometimes there are unrecorded municipal liens against a property that will not be revealed in the traditional title search.

Boston's Luxury Towers: A Shell Game For the Global Elite? A New Study Makes the Case
WBUR News - Opponents of Boston's luxury housing boom are warning of another prospective danger beyond raising rents and forcing out longtime residents -- tax evasion and money laundering under the cover of the multimillion-dollar condos sprouting through the sky.

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
Decision finds title insurance covers losses due to unmarketable title (Ontario)
The Lawyer's Daily - In 1999, the Breen family purchased a cottage that had been custom-built by a previous owner. Everything was above board — except for one finicky detail..

Judge awards costs to title insurer after appeals court vacates $6 million verdict in failed condo project
St. Louis Record - U.S. District Judge Stephen Limbaugh recently entered judgment in favor of Fidelity National Title Insurance in a dispute involving a failed $21-million condominium project. 

3rd Circ. Creates Title Insurance Defense Duty Limits
Law 360 - The Third Circuit has ruled that title insurers aren’t necessarily duty-bound to defend all claims that arise in a lawsuit targeting a policyholder, issuing a precedential decision in favor of Stewart Title Guaranty Co. in a mortgage company’s suit stemming from a defaulted loan.

Construction Law: Final Payment by Owner, Avoiding Lien Claims
JD Supra - A contractor has finished work on a construction project in North Carolina and submitted a written request for final payment to the owner of the real property that has been improved by the construction. 

Ten Years After Colorado’s Adverse Possession Amendment: a brief look backwards and forwards
JD Supra - In response to national outrage over an infamous adverse possession case in Boulder, Colorado, in which a lawyer and a judge intentionally took their neighbors’ undeveloped land through adverse possession ...

Ditmas Park home at center of dispute between church and late pastor’s family
The Real Deal - The church owns the late pastor's five-bedroom house and issued his widow a 10-day eviction notice two months after his death

Billy’s Tap Room in parking lot dispute with Ormond neighbor
The Daytona Beach News Journal - Billy’s Tap Room & Grill has been a fixture on Granada Boulevard for nearly 100 years, but a dispute with a next-door developer over the use of a parking lot now threatens the restaurant’s ability to stay in business, its owners say.

Tech / Social Media
Two Federal Criminal Convictions for Cyberattacks
JD Supra - The month of August saw two federal criminal convictions of individuals involved in significant cyberattacks..

Millions of Sensitive Records Leaked by Another Spyware Maker
JD Supra - Apparently, a security researcher found an open database on the Internet that allows anyone to query mSpy records for customer transactions and mobile phone data with no authentication.

Want your digital mortgage? Look to state notarization laws
Housing Wire - As the industry seeks to conquer e-mortgage’s more formidable foes, like e-note acceptance, slow but significant progress is being made in other areas like state notarial laws to allow for electronic and/or remote notarizations.

Title Agency & People in the News
2018-19 Nominations for ALTA Board and Executive Committees
ALTA - ALTA’s Nominating Committee is pleased to present the list of nominations for the 2018-19 ALTA Board of Governors, as well as the Abstracters and Title Insurance Agents Executive Committee and the Title Insurance Underwriters Executive Committee. Nominations will be voted on during ALTA ONE, which will be held Oct. 9-12 in Los Angeles.

Three to know: Central Ohio companies on a buying spree
Columbus Business Journal - A trio of Central Ohio businesses are on the grow thanks to recent acquisitions.

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
How One Pan Am Fan Recreated the Golden Age of Air Travel
Atlas Obscura - It took years of dedication and a few visits to the airplane graveyard..

Everybody Dance Now! Actually, Don’t … That Choreography May Be Copyrighted
JD Supra - Although dance is an art form as old as time, copyright protection for choreography in the United States is a relatively recent development...

Check out the Terrible Real Estate Photos!
Terrible Real Estate Agent Photos - "That reminds me. Must buy a new toast rack."

Snow Leopard Moms
Neatorama - A mother snow leopard at Stone Zoo is teaching her cubs what they need to know to be effective hunters. She knows what this cub is thinking, but she goes along with it and acts the startled prey. It's part of their training.

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