This June 18th, Join Us For Golf And Help The Heroes To Heroes Foundation Prevent Combat Veteran Suicide!

Heroes To Heroes Foundation prevents combat veteran suicide

In the event you live in the New York metropolitan area and believe that 20 veterans a day taking their lives is a horrifying statistic that immediately needs to be reversed and, in addition, you … Play Golf Know Other Individuals Who Play Golf Know Of Companies That Support Military Veteran 501(c)(3)’s And Sponsor Events […]

The Mortgage Market Melt-Up In Rates?

historical 10-year treasury yield chart

As the data below shows, courtesy of the Freddie Mac Primary Mortgage Market Survey, the average 30-year fixed rate mortgage rate no longer has a 3-handle and instead is now 4! The good news is that the 4.04% number is below the 4.30% level in the survey back in March 2017, but not by much. This news […]

New York State Title Insurance Industry: ‘I’m Mad As Hell And I’m Not Going To Take It Anymore’!

paint brush photo

Update January 16, 2018: ‘The New York State Senate unanimously passed a bill Tuesday that will allow title companies to resume buying clients coffee, taking them out for lunch or treating them to a round of golf. Sponsored by Sen. James Seward of Oneonta, the bill — which now heads to the Assembly and Gov. […]

January 12, 2018: New York State Title Insurance Industry Showdown With Regulators And Politicians In Albany!

Albany photo

Due to some of the more onerous provisions of New York State Department of Financial Services (NYSDFS) Regulation 208 that went into effect December 18, 2017, the various ‘constituencies‘ involved and affected will be meeting in Albany January 12, 2018!  ‘The Assembly Insurance Committee is holding a hearing about DFS regulation of the Title Insurance Industry […]

Are 10-year Treasury Yields A Shot Across The Bow Of The Real Estate Market?

10-year treasury note chart

Over the past month or so Hallmark Abstract Service has explored whether blockchain may at some point in the future disrupt the title insurance industry (‘Can Blockchain Technology Ultimately Eradicate Any Need For Title Insurance In New York State?‘) ! In addition, potentially affecting real estate and real estate transactions are the issues surrounding the […]

Mortgage Loan Application Defects: Where Are They Most Prevalent?

After the financial crisis that was in no small part brought on through mortgage products such as ‘liar loans*’, lending institutions have become much more conservative! Some of this conservatism was mandated through imposed federal government regulation such as Dodd-Frank while some was through the publics distaste for these types of loans. But lending institutions now […]

Flattening Treasury Yield Curve And Recession: This Time Is Different?

bond market photo

Economic theory has always held that an inverted U.S. treasury yield curve could be used as a reliable signal for a recession looming on the horizon. According to the Federal Reserve, however, this time is different! This Time Is Different “How different the position of the investor today!” was the headline for an ad that ran […]

Can Blockchain Technology Ultimately Eradicate Any Need For Title Insurance In New York State? (Video)

blockchain photo

At some point in the future will blockchain eradicate the need for title insurance in New York State, as this revolutionary technology will maintain a 100% accurate chain of title for any property? While I suppose that anything is possible, an explanation first of what a blockchain is would likely be helpful… Blockchain: “an open, […]

Title Insurance And Havoc In The New York Real Estate Market?

madison square garden photo

December 19, 2017: After Regulation 208 Went Into Effect On December 18th, The Following Day NYSDFS Issued A Stay Expiring February 2, 2018 That Will Allow One Specific Activity Eradicated By The Regulation To Continue… Candidly, of all the new directives in Regulation 208 that will impact title companies, a stay on this specific one is […]

Tax Reform And It’s Impact On New York, New Jersey And Connecticut Real Estate!

net migration by state

With the passage of the ‘Tax Cuts and Jobs Act’ (name subject to change) some aspects of the legislation are very clear and some things will take some time to play out such as real estate valuation! So what do we know concerning the tax bill? There are seven tax brackets as there were before, the standard […]