Don’t be penny-wise and dollar foolish when it comes to protecting what may be the largest financial commitment of your life! The situation: ‘Fannie Mae and Freddie Mac are now accepting written Attorney Opinion Letters (AOLs) in lieu of a title insurance policy under limited circumstances as a result of Equitable Housing Finance Plans announced earlier by […]
Phishing, spoofing, cyberfraud and spyware are all terms that relate to a third party’s desire to invade your computer and, in many instances, to compromise your non-public information! In other words these scams are designed in their most malicious form to steal a consumers personal information, whether birthdate, social security number or credit cards, and utilize them […]
If so, the time remaining to offer your opinion is running short! On July 26th the Consumer Financial Protection Bureau or CFPB released proposed amendments to the TILA-RESPA Integrated Disclosures aka TRID! For anyone who may want to comment the deadline to do so is October 18, 2016. An article from ALTA explains the amendments and provides […]
Summary – ‘On July 17th, 2016, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U. S. Department of Treasury, issued Geographic Targeting Orders to all title companies. The orders impose temporary new data collection and reporting requirements for all cash purchases of residential real estate by corporate entities in certain counties.‘ We continue […]
For a buyer or refinancer of commercial and residential real estate title insurance will typically, at some point in the transaction, become a focal point for their attorney and potentially for them as well if a problem crops up that needs to be resolved! But that said, for many the only concept that they will have […]
An Industry’s Response To The Press Release Issued By New York State Governor Andrew Cuomo! Immediately following the release of New York State Governor Andrew Cuomo’s press release concerning proposed new regulations for the title insurance industry, the two trade associations representing industry participants issued the following statements. From the New York State Land Title […]
