Issue No. 193 | October 14, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Joseph A. Gonzalez, 46, Henderson, Nevada, pleaded guilty today for his role in a scheme to use bogus information and simultaneous loan applications at multiple banks – known as “shot-gunning” – to attempt to obtain home equity lines of credit (HELOCs).

The American Land Title Association announced at its ALTA ONE conference Tuesday that it is launching its Good Deeds Foundation to provide grants and sustain efforts to strengthen communities in crisis.

As of October 1, 2020, a non-resident producer must maintain a license in their resident state. Failure to maintain a resident license will result in cancellation of your non-resident Maryland license.

The Consumer Financial Protection Bureau has pulled its previous guidance regarding whether marketing services agreements comply with anti-kickback rules.

The public owns 27,000 acres in Pennsylvania that the public can’t get to and use, according to a new report from the Theodore Roosevelt Conservation Partnership and onX.

Donald Trump and Joe Biden have divergent views on the federal government’s role in the $11 trillion mortgage market, with potential consequences for the price of home loans for millions of Americans.

In order to provide clearer rules of the road and promote a culture of compliance, the Bureau is publishing guidance in the form of Frequently Asked Questions (FAQs) on the Real Estate Settlement Procedures Act (RESPA) Section 8 topics.

LEGAL NEWS
Most real estate attorneys would typically be dismissive of a transaction that places a deed in escrow as collateral for a loan. This is because it is universally known that any loan term that interferes with a borrower’s equity of redemption will be considered unenforceable.  

NUTRIOSO — An Apache County couple suffered a $41,000 judgment against them for their opponents’ attorney fees in a lawsuit they themselves brought in Apache Superior Court in 2015, which suit finally concluded on August 31.

A trial court in New York has ruled that a title insurance policy excluded coverage of claims against the insured for easements implied by law.

TECHNOLOGY & SOCIAL MEDIA NEWS
In many states across the U.S. (with some exceptions), remote online notarizations are becoming widely accepted. Now, experts say it’s time to move on to the next step: artificial intelligence.

WORLD NEWS
Nova Scotia - THE NOVASCOTIAN: North Preston lawyer fighting hard for change
A lawyer, social justice advocate and consultant, Angela Simmonds is an ardent proponent of human rights. Raised in Cherry Brook, one of Canada’s most historic Black communities on the outskirts of Halifax, discrimination has had a profound effect on her life.

TITLE AGENCY & PEOPLE IN THE NEWS
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, has announced the winners of the 2020 Title Webbies, an awards program recognizing member companies that have created or redesigned the best title industry consumer-facing website or page within the past year.

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
Hollywood has a thing for the real estate industry. From high-stakes drama to LOL humor -- and everything in between -- the movies show the world of real estate can be as entertaining as it is lucrative. 

A quirky house with connections to both the Muppets and the Grateful Dead is on the market for $750,000.

If you’ve spent much time on the internet over the past decade, chances are you’ve seen some cats on there. Cats chasing their own tails.

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