Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 09/26/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
What is Causing a Sudden Shift in Refinance?
M Report - Refinances increased for the first time this year, according to the August Originations Insight Report from Ellie Mae. According to the report, the percentage of closed refinances jumped from 29 percent to 32 percent between July and August.

A Short Course on Online Notarization
JD Supra - Notary publics are the Rodney Dangerfields of the legal industry. They get no respect, yet their contributions to the legal community are priceless, particularly to real estate attorneys and title companies seeking to record documents in the Real Property Records of the 254 Counties in the State of Texas. 

See no evil: How a culture of secrecy boosts South Florida’s condo market
The Real Deal - Luxury properties in the region are ensnared in an alleged billion-dollar embezzlement and money-laundering scheme. Those who built them? Not so much.

The Evolution of Title Plants
Data Trace - Remember the School House Rock cartoon – How a Bill Becomes a Law? Well, this story is kind of like that – but it’s how and why title plants were developed to bring data, insight and clarity to real estate transactions.  

Discovery of Da Vinci Work Began with Real-Estate Listing
Newser - A long-lost da Vinci sold at auction last year for a record $450.3 million, quite a jump from the $120 price it fetched in 1958, before anyone knew it was a work by the master. 

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
Arizona Court Determines Statute of Limitations Applicable to a Claim for Reformation of a Deed of Trust (and a Related Claim for Declaratory Judgment)
JD Supra - In a recent Arizona Court of Appeals case, Deutsche Bank National Trust Co. v. Pheasant Grove LLC, 798 Ariz. Adv. Rep. 15 (August 23, 2018), the Court of Appeals addressed the question of what statute of limitations was applicable to a declaratory judgment claim. 

Developers: Coco Palms project back on track
The Garden Island - Developer Tyler Greene said Wednesday that with legal disputes behind them, the project to rebuild the Coco Palms Resort is moving forward with an estimated completion date of late next year.

Tech / Social Media
Why the phone is ringing off the hook for real estate in a small, upstate NY town
The Real Deal - Bitcoin miners want to take advantage of cheap electricity

Proptech Decoded – Pulling the chain on traditional land registration?
JD Supra - HM Land Registry is currently looking into the potential use of blockchain technology as part of its Digital Street project.

World News
State to Issue Title Deeds to Public Schools (Kenya)
Kenya News Agency - The government is in the process of auditing all parcels of land occupied by some 20,000 public schools with a view to issuing them with titles deeds.

Loan-shark victims get land back (Thailand)
The Nation - Over 4,000 land documents returned in ceremonies nationwide yesterday

'It's indefensible:' Judge weighing land dispute involving former Alberta chief (Canada)
National Post - A federal judge reserved his decision Tuesday in a land dispute between two families on Canada’s largest First Nation.

Makau urges government to issue land title deeds to Mavoko 'squatters' (Machakos, Kenya)
Hivisasa - Mavoko MP Patrick Makau has urged the government to resettle 'squatters' on the East African Portland Cement Company's (EAPCC) controversial land in Athi River, Machakos County.

Title Agency & People in the News
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
Indentured Servants and Wild Parties: Inside NYC's Secret Mansion
Windsor Terrace Patch - A "master tenant" is accused of using "servants" to turn a Brooklyn home into an unofficial nightclub and hotel.

“You’ll never guess what I just passed on the stairs”
Terrible Real Estate Photographs - Could you pass this real estate up after passing this on the stairs?!

Paddington and the no good, very bad, real estate photo
Terrible Real Estate Photos - A tragic combination of drugs, alcohol, and bad financial advice, left Paddington a shadow of his former self. 

Watch a Gulper Eel Inflate Like a Terrifying Balloon
Mental Floss - Since launching in 2008, the Ocean Exploration Trust's Nautilus research vessel has live-streamed a purple orb, a transparent squid, and a stubby octopus from the bottom of the ocean.

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