The Orogen Group and Westcor Land Title Insurance Co. have completed their previously announced transaction following the receipt of regulatory approval, the companies announced. Read on to learn what the top executives from both companies had to say.
The Consumer Financial Protection Bureau’s (CFPB) recent report detailing the TRID rule’s impact on the industry shows it helped consumers better understand the mortgage transaction.
Five years after TRID went into effect, the CFPB looked back on the impact of the rule on the industry.
Read on to learn what Richard Horn, the former CFPB senior official who led the original TRID rule, said the industry can glean from the report.
An Illinois borrower sued her servicer and others over alleged overcharges of private mortgage insurance on her loan and refused to pay the servicer for property taxes and hazard insurance for the rest of the year.
After the U.S. District Court for the Northern District of Illinois previously dismissed the TILA counts and all but one of 18 RESPA counts, the borrower appealed.
Read on for highlights of the Seventh Circuit Court of Appeals’ recent decision.
Newly installed National Association of Realtors (NAR) President Charlie Oppler has issued a formal apology for the association’s past policies that contributed to segregation and racial inequality in America.
During a virtual fair housing summit hosted by The Hill and co-sponsored by NAR, Oppler spoke on behalf of the industry for NAR’s actions.
Read on for highlights of remarks made by Oppler and NAR Director of Fair Housing Bryan Greene.
The Department of Housing and Urban Development (HUD) will launch a new Recovery Housing Program to help individuals recovering from substance-use disorders.
The program was authorized by the SUPPORT Act, and is funding 25 grantees, 24 states and the District of Columbia, whose age-adjusted rate of drug overdose deaths was above the national overdose mortality rate.
When the owner of property across the street claimed an easement on commercial property, the owners of the commercial property sought coverage under their title policy. Coverage was denied because the owners had quitclaimed the property to an LLC of which they were the sole members. The couple filed suit for breach of contract. Read on for more details.
The buyer of property in Bear Lake County, Idaho, believed he was buying more property than he did based on the erroneous legal description provided by the title agent. After litigating a suit against the agent and the seller in state court, the buyer filed suit against the title insurer. Read on for more details.
The Treasury Department and the Internal Revenue Services issued final regulations relating to section 1031 like-kind exchanges. The final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange. Read on for more details.
The Ohio General Assembly is considering a bill that would require counties to provide an electronic means of recording instruments and accessing recording instruments. It also would allow recorders to charge a document preservation surcharge. Read on for more details.
In the first of six training webinars, NAR speakers answered questions about a new Code of Ethics Rule, effective Nov. 13, that bans “harassing speech, hate speech, epithets or slurs” against protected classes. Must a Realtor, for example, no longer oppose same-sex marriages?