Carteret Title
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Professional Liability Insurance and Theft of Escrow Funds by a Third-Party Impostor
Are title agencies covered by their professional liability insurance policies if they are tricked by a clever hacker into disbursing money from escrow into the hacker’s account? Perhaps not. A New Jersey title insurer was tricked into wiring over a half-million dollars to a sneaky impostor, and its insurer isn’t paying on the agent’s professional liability policy.
Black Knight: Fewer Borrowers Underwater
Black Knight has released its latest Mortgage Monitor Report, based on data as of the end of May 2016, showing a continuing reduction in the number of borrowers who owe more than their homes are worth. There are still five times as many underwater borrowers as there were in 2004, however.

Capitol Lien
Mortgage Credit Tougher to Get in June
WASHINGTON, D.C. (July 11, 2016)- Mortgage credit availability decreased in June according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
Simplifile Partners with Qualia to Offer Integrated eRecording
E-recording service provider Simplifile has partnered with Qualia to enable law firms and title agents to e-record directly from Qualia’s cloud-based settlement software, allowing Qualia users to record the same day of closing.
Quick links
The Fed Holds Off On Rate Hike: Here's What It Means For Your Wallet
The Federal Reserve held off on another interest rate hike today at its Federal Open Market Committee meeting, giving consumers who are saddled with consumer loans more reprieve.
Williams Title closes abruptly amid state investigation
A 15-year-old Cherry Creek title company under investigation by state regulators has abruptly closed.
The Unexpected Costs of Title Insurance Reports
It seems title insurance companies are underestimating their reporting costs by a big margin.
Consumer agency takes aim at deals that cost home buyers extra money
Home buyers usually don't have a clue about the existence of under-the-table marketing kickback deals, and they can end up paying hundreds or thousands of dollars extra at closings as a result.
Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default
A study purports to show that strategic defaults rarely occur.
MBA Weekly Report: Applications Increase 7.2%
Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 8, 2016. This week's results included an adjustment for the Fourth of July holiday.
Title Defects That Cause a Borrower to Default, vs. Those That Do Not, Part II

When a title insurance defect causes a borrower to default—as in when a defect destroys a developer’s plan to develop a property, rendering the developer unable to repay the development loan, the title insurer may be let off the hook for some of the developer’s actual loss if market values have declined by the time the lender forecloses, depending on the state.

Welcome to the Neighborhood!
A man bought a piece of property, with a garage, carport, and shed that straddled the property line with the adjoining parcel. On the day the man’s deed was recorded, his neighbor destroyed the part of the garage that was over the property line with a chain saw… leading, quite unsurprisingly, to some litigation.
Title Defects That Cause a Borrower to Default, vs. Those That Do Not
In the event of a title defect covered by a title insurance policy, the dollar amount of a title insurance claim is often determined by the difference between the current fair market value of the property with the defect, and what the property would be worth currently if it did not have the defect. But an exception to that general rule exists in certain situations, as a recent Arizona Supreme Court case illustrates.
The Incompetent Attorney Who Was Unintentionally Cruel to Animals

If an incompetent attorney drafts a will that fails to convey property as intended, the winners and losers in subsequent litigation will vary dramatically depending on the state. This is illustrated by a recent Virginia case, where an attorney drafted a will that was supposed to give all of the person’s estate to a non-profit, but in fact only gave the person’s tangible personal property to the charity, and failed to give the non-profit the person’s real estate and intangible property to the charity.

The Court that Wanted to Allow the Bank to Foreclose, Really Badly

Appeals courts are higher on the food chain than trial courts, which means that trial courts have to do what appeals courts tell them to do. Nevertheless, sometimes trial courts just ignore what an appeals court has told them to do or not to do, as happened in a recent Indiana foreclosure case.

On the Blogs

Current Owner Search
swarup swain's Blog
2016/07/24
0 comments

Title Industry tasked with identifying money launderers
CHARLENE PERRY's Blog
2016/01/14
0 comments

TRID and it's impact on abstractors
CHARLENE PERRY's Blog
2015/10/05
3 comments

9th Circuit Reverses; Suit Goes Forward re: Mtg Loan Debt Collectors
john gault's Blog
2015/07/20
1 comments

"India" is not the problem
Thomas Pryde's Blog
2015/04/16
12 comments

Independent Abstractors: Well Trained Specialists (Part Three)
Thomas Pryde's Blog
2015/04/09
1 comments

Independent Abstractors: Making Peace With Technology (Part Two)
Thomas Pryde's Blog
2015/03/26
1 comments

Independent Abstractors: Dying Breed or Valued Specialists? (Part One)
Thomas Pryde's Blog
2015/03/19
2 comments

Introductions
Thomas Pryde's Blog
2015/03/10
0 comments

Reconstruction of Past Persons
William Pattison 's Blog
2015/02/20
0 comments

Redvision
Directory

The Source of Title Business directory has 8383 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
Blogs

Read other users' blogs-- or start your own!

To get started, read our blog FAQ page.

NALTEA
Articles

Source of Title articles help to keep you informed on the state of the title industry.

Search Articles:
browse...

TitleBoxi
Forums

Source of Title's Forums are the place for title industry discussions.
Recent posts in the forums:



NAILTA
Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2007, Source of Title.