Issue No. 202 | December 16, 2020


EVENTS
Look For NEW Events Posted Since The Last Issue!
INDUSTRY NEWS
Mr. Cooper, the nation’s largest nonbank servicer of mortgage loans, will refund customers nearly $90 million and pay a civil penalty of more than $6.5 million to settle a lawsuit claiming it violated the rights of over 115,000 customers, some of whom it had illegally foreclosed on.

WASHINGTON – Assistant Secretary – Indian Affairs Tara Katuk Sweeney today announced that tribal consultation will be held to give federally recognized tribes the opportunity to comment on proposed updates to 40-year old regulations that will modernize how the Bureau of Indian Affairs (BIA) maintains title to federal Indian trust lands.

Title insurers wrote 22% more in new premiums in the third quarter compared with the second quarter, benefiting from a slight shift in the share of purchase versus refinance originations.

A groundbreaking measure to ban anonymous shell companies in the United States cleared Congress on Friday as the Senate joined the House in passing a defense-spending bill with a veto-proof margin.

Foreclosure / Standing: affirming payment order entered pursuant to section 702.10(2), Florida Statutes, against a subsequent purchaser in favor of US Bank as the application of the statute was not retroactive – 78D Team, LLC v. US Bank, N.A., No. 3D19-1708 (Fla. 3d DCA Nov. 12, 2020) 

LEGAL NEWS
In the twenty-first century, superheroes are all the rage. Alive and well are never-ending debates about the superiority of DC characters versus Marvel characters, or heroes that are born super, such as Superman, versus those that are made, such as Iron Man.

M&A litigators and merger agreement drafters will long remember the ruling Monday by Delaware Vice Chancellor Travis Laster in AB Stable VII v. MAPS Hotels and Resorts for its exhaustive interpretation of whether the worldwide pandemic permitted South Korea’s Mirae Asset to walk away from a $5.8 billion deal to buy luxury hotels in the U.S. from a successor to China’s Anbang Insurance.

When Cindy Kinsler bought her home near Children's Hospital, she was excited to fix up the back yard. She knew it would be work, but she had no idea she'd end up in a lengthy legal battle all because of a fence.

Construction Counsel Sean Scuderi joins Rich Schoenstein to explore “Lien Times: Securing Mechanics Liens for Preconstruction Services” on the latest episode of Law Brief.

TECHNOLOGY & SOCIAL MEDIA NEWS
Jens Peder Kristensen is the CEO of Denmark-based TinyMobileRobots. The company's marquee product, the TinySurveyor, is predictably small. But the technology has the potential to make a big impact in land surveying.

TITLE AGENCY & PEOPLE IN THE NEWS
The Florida Land Title Association, a nonprofit association dedicated to serving the land title insuring industry, has pledged $20,000 to be distributed to food banks serving communities across Florida during December.

If you’re planning a surveying career in Nebraska, there are a couple of interesting things you should know according to Professional Surveyors Association of Nebraska (PSAN) president Jeremy Feusner.

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
There’s a certain, undeniable delight to be found in giving funny names to Very Serious Things, and there’s another different kind of delight to be found in being able to track things that have nothing to do with you, in detail, halfway across the world. 

Head to Datil, NM, and you might find yourself wondering if you've wandered back in time. Because, in the so-called town of Gabriella, even though it was built this century, the spirit of the Old West lives on.

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