What do some title insurance companies and title closers in New York State have in common with the ostrich? It’s the unwillingness to get bad news, understand and digest its impact and then to do what’s necessary to work within the parameters of those new rules. On December 18, 2017, New York State Department of Financial Services […]
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 the Baby Boomers in the crowd who are between 51 and 70-years old, remember your first job? Mine was working for a caterer when I was 12 or 13-years old where I would arrive at their cooking facility at around 7AM to load the truck with food, plates, table clothes etc. We would then drive to […]
Summary: Whether real estate, mortgages, law or anything else…For large corporations, small businesses or sole proprietorships, now is the time to start making our best guesses, plans and projections for 2016. What will the state and condition of the U.S. economy be in 2016? For a business owner, department head in a company or the leader of […]
But is what’s good for the consumer necessarily an easy thing for the mortgage industry to actually implement? While the new mortgage disclosures will be easier for consumers to read and understand compared to the jargon of today, for the many players in the mortgage industry that come together to make-up a successfully closed loan, […]
Throughout history there are certain constants that have driven the creation of wealth and economic growth in a given society! As this video will explain, it’s the accumulation of knowledge that is the key factor moving a civilization from one era to the next. As an example, can you name the major differences between the lifestyle and […]
Follow @Hallmark Abstract Service A recent article in The Wall Street Journal by Roland Li spoke to what the author proclaimed to be the unjustly high cost of title insurance in New York State along with alleged abuses being perpetrated by abstract companies! Now I am not here to justify or question insurance rates set by […]
