Issue No. 187 | September 2, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
The U.S. Government Accountability Office (“GAO”) has issued a report on the status and effectiveness of the Geographic Targeting Orders (“GTOs”) issued by the Financial Crimes Enforcement Network (“FinCEN”) since 2016, and on which we repeatedly have blogged. 

As the market rebounds from Covid-19 closures, a new crack in real estate is becoming apparent: Lenders are being flooded with a rising volume of mortgage applications, and notary availability is at an all-time low.

Foreclosure / Surviving Lien: Lender’s lien on mobile home survived foreclosure sale of property where mobile home was located; mobile home remained personal property outside scope of foreclosure – ARK Real Estate Servs., Inc. v. 21st Mortg. Corp., No. 4D20-122 (Fla. 4th DCA July 29, 2020) (affirming trial court’s entry of judgment against purchaser on lender’s claims of conversion and civil theft)

Borrowers with federally backed mortgage loans facing financial difficulty can breathe a little easier today. All of the federal agencies regulating such loans have announced that they will extend the moratoriums on foreclosure and evictions for single-family properties until December 31, 2020.

This year’s low rates have led to high loan volumes, and lenders overwhelmed with applications are looking for the best way to handle the increased workload. Scaling up staffing can help, but it can be difficult to find enough people to take care of the manual processes to keep up with the demand. And hiring in a wave of high volumes can mean layoffs when the market is less robust.

LEGAL NEWS
When the loan documents provide for confession of judgment and the collateral encumbered by the mortgage securing the loan is commercial real property, the foreclosure process in Pennsylvania is straightforward. 

Most Leases contain what are called automatic subordination clauses, pursuant to which the Tenant agrees that the Lease is subordinate to any Mortgages granted by the Landlord, whether they are already in existence when the Lease is signed, or granted by the Landlord in the future.

A D.C. federal court has ruled that North Dakota may become a party in a tribe's suit against the Trump administration over ownership of land along the Missouri River, finding that the federal government may not adequately represent the state in litigation.

One of the most consequential Supreme Court decisions this year was McGirt v. Oklahoma, wherein the Court ruled that much of the state of Oklahoma can still be considered part of the Creek Nation’s reservation. A year before the decision, which marks one of the most significant victories for indigenous sovereignty in recent years, Crooked Media host Rebecca Nagle delved into the case with This Land. The episode is a wonderful starting place for anyone searching for a deeper understanding of the ongoing dispossession of Indigenous Americans by the descendants of settler governments.

TECHNOLOGY & SOCIAL MEDIA NEWS
Alanna.ai is composed of world-class artificial intelligence that integrates seamlessly with FAN’s title production software, capable of providing dedicated and private responses to common questions related to closing transactions.

A Russian citizen has been arrested and charged with offering an employee of a Nevada company $1 million to sew malware for an attack to harvest company data for ransom, U.S. authorities said.

WORLD NEWS
The Supreme Court has observed that plea of title and adverse possession cannot be advanced simultaneously and from the same date.

The efficiency of the one day land title transfer registration had contributed to the country's position in the 'Registering Property' indicator evaluated by the World Bank's 'Doing Business' report.

TITLE AGENCY & PEOPLE IN THE NEWS
Just launched - FNF UNPLUGGED - A podcast aimed at educating and entertaining title insurance industry professionals, facilitated by industry expert, Chuck Cain. 

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...

OTHER TRENDING NEWS
Must-See Underground House in Texas Is Crazy With Color and Extremely Private
It’s difficult to spot the home on this plot of 40 acres near Buffalo, TX. Which is exactly the way the owner wants it—the home is entirely underground.

Custodial banking, a typically sleepy part of the financial system controlled by only a handful of firms, could find itself under the microscope after Citigroup misdirected hundreds of millions of dollars in a blunder that has captured the attention of Wall Street and federal regulators.

As any professional land surveyor knows, we are a part of a great profession. It offers tremendous variety, the chance to work outdoors, the opportunity to apply math and geography skills in the real world, and the satisfaction of contributing something of lasting value and importance.

As someone who has this disorder, I thought this article was spot on in describing what it's like and wanted to share in case any of my readers suffer from the same.

Flint Bishop Airport announced Friday it will be the first business and airport in the country to use a Smart Helmet that will detect elevated temperatures in more.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Financial
(347) 987-0677