Stewart Title Co. subsidiary Stewart Insurance has announced a new endorsement for select title professionals offering coverage up to $500,000 for all inbound and outbound wire funds transfers using CertifID. Read on for more details.
A district court has granted the city of Miami’s unopposed motion to dismiss its lawsuit alleging Bank of America and Wells Fargo engaged in discriminatory practices by issuing riskier but more costly mortgages to minority customers than they had offered to white borrowers. However, the U.S. Supreme Court's prior holding in the case still stands. Read on for details from recent court briefs.
A new definition for “leafy suburb” has emerged within the real estate market.
The demand for housing and residential properties has intensified as more states relax marijuana laws, according to a new National Association of Realtors (NAR) study. The study also found that commercial practitioners are facing an increased demand for land, warehouses and storefronts intended for cannabis. Read on for details from NAR’s report, “Marijuana and Real Estate: A Budding Issue.”
The Consumer Bankers Association (CBA) made several legislative and regulatory recommendations to the House Financial Services Committee in advance of the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress.
CBA President and CEO Richard Hunt suggested Congress quickly pass a law changing the bureau’s structure to a bipartisan commission, citing concerns with the upcoming Seila Law v. CFPB case, which will be argued before the U.S. Supreme Court March 3.
Read on to learn about additional recommendations.
The vast majority of metro areas experienced price gains with very limited inventory growth in the third quarter of 2019, according to the latest quarterly report by the National Association of Realtors (NAR). The study showed single-family median home prices increased year-over-year in 94 percent of measured markets in the third quarter. Read on to see more details from NAR’s report, which also released the latest housing inventory numbers.
A buyer appealed the denial of class action status in a suit alleging an escrow company wrongly charged consumers a “loan tie-in fee” because it had not filed that rate with the California Department of Insurance. Read on to find out how the Court of Appeal, Second District, Division 5 of California ruled on appeal.
U.S. Senator Kirsten Gillibrand announced legislation which would create the Data Protection Agency , an independent federal agency that would protect Americans’ data, safeguard their privacy, and ensure data practices are fair and transparent. Read on for more details.
The Kentucky General Assembly is considering a bill that would establish the priority for purchase money deeds of trust and mortgages in certain instances and amending various statutes to conform. Read on for more details.