Title Insurance Industry & Technology News and Events 09/19/18

Industry & Technology news compliments of Marianne Mathieu

Title Insurance Industry & Technology News 09/19/18

Compliments of Marianne Mathieu

Industry Events

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Industry News

IRS Spokespeople Discuss 199A - What Will the Final Regulations Say?

Forbes - The statute gaveth and the regulations may taketh away! Internal Revenue Code Section (“IRC Section”) 199A was added to the tax law to give a 20% income tax deduction to certain “Qualified Business Income.”

Mortgage Fraud Challenges: How to Catch a Thief

National Mortgage Professional Magazine - Two of our Directors will be attending the MBA’s “Risk Management, QA & Fraud Prevention Forum,” held in Los Angeles in September. Attending this venue will be Brandy George, who is the Executive Director of LCG Quality Control and Michael Pfeifer, who is a Director of Legal and Regulatory Compliance.

Dealing with Fraud During Natural Disasters

DS News - With the Carolinas facing record high rainfall and flooding, Fannie Mae warns that there is plenty of risk of fraud as people may take advantage of the chaos.

Harney: Should Realtor violations be public?

The Columbian - In an era when you can find almost anything you want to know online about real estate — the estimated market value of a house, the rankings of neighborhood schools, crime rates, walkability and much more — there’s one important subject that’s difficult for consumers to check out ...

Vermont Revises Mortgage Commitment Letter Requirements

JD Supra - The Vermont DFR made revisions to the content and timing requirements of mortgage commitment letters; the new requirements are effective October 1, 2018.

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

For Sale: 1 Mile of U.S.-Mexico Border Wall

Forbes - A seven-acre strip of land along the U.S. border with Mexico has been the subject of a months-long dispute between New Mexico’s top land manager and the federal government.

Real Estate and Divorce: Court Tackles Partition Action in 'Kapcsos'

The Legal Intelligencer - There is nothing more devastating than a divorce. Most of us envision a divorce from the perspective of family law, but there are also situations where a divorce must occur under real estate law as well.

Coco Palms: Time for a reality check

The Garden Island - Amidst the sound and fury regarding the Coco Palms developers, the County of Kauai should pause and consider what it will cost and what we will lose by taking the Coco Palms property by eminent domain.

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.

Tech / Social Media

Meet the Real Estate Tech Founder: Sahil Gupta from Patch Homes: A financial institution that’s focused on unlocking home-equity wealth for homeowners in a debt-free manner

GeekEstateBlog - In our latest real estate tech entrepreneur interview, we’re speaking with Sahil Gupta from Patch Homes.

Software: SafeChain to Integrate ALTA Registry into Its Real Estate Wire Fraud Prevention Platform SafeWire

Publishers Newswire - SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it will integrate the national ALTA Registry into its real estate wire fraud prevention platform SafeWire.

How blockchain and AI led a real estate firm into the software business

Houston Chronicle - Three red bars towered on the computer screen of Justin Segal, president of the Boxer Property, a Houston commercial real estate firm. Each bar represented an office tenant that an algorithm had predicted would default on its lease.

Title Agency & People in the News

Title Expert Kevin Tacher Gives Advice on how to Handle Escrow Deposit Disputes on “Title Tuesdays”

Digital Journal - Real estate deals don't always turn the way parties would like them to. Sadly, 3rd party title insurance companies are limited to how much they can help resolve disputes.

Title Alliance Celebrates 70th Anniversary Since Opening Their Parent Company, Title Abstract Company of Pennsylvania

Cision PRWeb - The company continues their success of conducting high-quality title insurance services to real estate agents and home buyers.

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.