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Chavez Rules in Favor of Raising Rates for NM Title Insurance Premiums

Morris Chavez, the superintendent of New Mexico's Department of Insurance, a division of the New Mexico Public Regulation Commission, announced on June 30, 2009 that real estate title insurance premiums would rise by 10.7 percent overall. Additionally, the remittance rates from title agencies to underwriters will increase from 19 percent to 20 percent for residential properties. The new rates are effective August 1, 2009. The ruling was based on findings of pre-filed testimony, direct testimony, facts of law and a rate hearing held in November 2008 and a final information hearing in the first week of June 2009.


Wachovia Insurance Services Changes its Name

Wachovia Insurance Services changed its name to Wells Fargo Insurance Services USA, a combined business making it the world's fourth largest insurance firm.


AbstractorWatchdog
Former NY Title Agency Operators Arrested for Theft, Tax Evasion

The former owners of a Staten Island title company were arrested on charges of embezzling over $1 million from their clients and FNF, the title agency's former underwriter.


AccuSearch Company
Fraud Task Force Brings Massive, $9 Million Fraud Scheme to Light

Officials collaborating with Ohio's Organized Crime Investigations Commission recently exposed the inner-workings of a major fraud scheme that battered Columbus' real estate market.


Title Agency Celebrates 25 Years Through Charitable Donations

Resource Title Agency will celebrate 25 years of service in the Cleveland area by donating a portion of its forthcoming revenue to Cleveland-area charities from now through December.


Industry Trade Association Supports Expanded Duties of GSEs

The American Land Title Association supports expanding the government-sponsored enterprises' authority under HARP to approve mortgages with greater loan-to-value ratios.


FNF Announces Date of Q2 2009 Earnings Release, Conference Call

Fidelity National Financial will release its second quarter 2009 earnings after the close of market trading on July 27, 2009 and will sponsor an investor conference call the following day.


First American's Latest Acquisition Draws Legal Attention

Kendall Law Group is investigating shareholder claims arising from the acquisition of First Advantage by the First American Corporation.


NAR Says Housing Market's Improving

Pending home sales showed a sustained improvement, rising for four consecutive months as favorable housing affordability and the first-time homebuyer tax credit boosted activity.


SEC Files Charges Against Former CAO of Beazer Homes

The Securities and Exchange Commission today charged Michael Rand, Beazer Home's former chief-accounting-officer, with conducting a multi-year fraudulent earnings management scheme.


Stewart Includes New HUD-1 in its Updated AIM Solution

Today, the company released the new HUD-1 in its AIM title and escrow production system, which many title and escrow offices rely upon to process their transactions and produce closing documents.


Colorado Man Could Receive 36 Years for Role in Fraud Scheme

The alleged leader of a complex mortgage fraud scheme was recently convicted on four felony counts of fraud, including violating Colorado's Organized Crime Control Act.


HUD Expands MHA Program's Refinancing Options

The expansion of the Obama administration's Home Affordable Refinance Program will include participation by borrowers who are current but up to 125 percent underwater on their mortgage.


On the Blogs

New No-No's In Ohio
Source of Title Blog
2009/07/02
This month in Ohio, House Bill 525 went into effect requiring very strict formatting on documents to be recorded in the recorders' offices across the state. Any document that does not conform will ...
2 comments

NALTEA October 2009 Conference!
NALTEA In Focus
2009/06/29
NALTEA has finalized the date and location of the October 2009 Conference....
0 comments

Public Records Acts
William Pattison 's Blog
2009/06/29
Most states in the American Constitutional Union of fifty, have a statute on their books which assures the public, access to public records. In California, this law which is Government Code section...
0 comments

Fidelity Company Sues Attorney For Relying On Its Commitment
Source of Title Blog
2009/06/18
Chicago Title, one of the Fidelity companies, recently filed a lawsuit against an attorney in New Jersey claiming that it was malpractice for him to rely on a title commitment he ordered for his clien...
3 comments

Cut & Paste Insurance Fraud
Source of Title Blog
2009/06/17
Errors and omissions insurance for abstractors is very expensive, at least in relation to the depressed fees that are prevalent in the industry. Unfortunately, working without it is not an option for...
1 comments

The Entire System Of Property In This Country Might Collapse
Source of Title Blog
2009/06/15
The real drama of a Florida couple leads to a pretty bizarre court decision that should have most of us in the title business scratching our heads. The MacLeods purchased a 70 acre farm and later fou...
6 comments

Mechanics liens require local knowledge
TitleSearchBlog.com
2009/06/08
A few months ago, I wrote a blog post about the problem new home buyers can face with mechanics liens, especially with more builders having financial problems. There has been some recent news reporti...
0 comments

New twist on deed fraud: duplicate corporation name
TitleSearchBlog.com
2009/06/01
Over the years I have written several articles about instances of deed fraud. In these cases, a person intending to commit fraud executes a deed transferring a property into their name without the kno...
2 comments

The Examination Period For A Full Search
Source of Title Blog
2009/05/29
As the host of Source of Title, I often receive questions via email. I do my best to answer them and, every once in a while, there is one that is particularly interesting and worth sharing. I receiv...
2 comments

A Stray Mortgage
Source of Title Blog
2009/05/27
Yesterday, we got one of the phone calls that we all dread... you missed a mortgage! That always causes a sense of panic and we rush to double check our work. In this case, title was vested in Ray...
1 comments

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Free Toolbars for Title & Closers
June 02 2009
Do you use the Google toolbar in your internet browser, or maybe the Yahoo toolbar? Well now you can get toolbars designed specifically for title companies and closers, absolutely free! These free powerhouses in a small packages includes links, information, tools, support, and news to keep you efficient, informed, and connected while conducting your every day business.

Download your Free toolbar today at www.carnanco.com.

Still don't see what you need, talk to me about my Toolbar creation services.


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