At ALTA ONE in New Orleans, the American Land Title Association (ALTA) installed Dan Wold as president and its Board of Governors for 2020-2021.

Zillow Offers, the iBuying arm of Zillow, announced it will not sign any new contracts to purchase homes through the end of the year “due to a backlog in renovations and operational capacity constraints.” Read on for more.

A Hawaii borrower sued his servicers for allegedly entering into co-marketing agreements using online platforms and desk rental agreements to illegally refer mortgage loan business. The borrower, who also claimed the servicers failed to provide him with the required right to rescind disclosure, sought rescission of his loan and statutory damages under TRID.

A Florida title agency sought coverage under its cyber insurance policy’s cybercrime endorsement after it became the victim of wire fraud. The claim was denied, and the agency filed suit. Both parties eventually moved for summary judgment.

The California General Assembly adopted legislation that makes unenforceable against an affordable housing development any restrictive covenant that restricts the number or size of the residences that may be built on a property.

Planned changes by the Fed will likely push mortgage rates higher – but refis will dry up, and lenders may still offer deals as they compete for homebuyers’ loans.

In Walton County, commissioners shut down beaches during the pandemic, including private ones. Homeowners sued claiming they deserve compensation, but a judge said no.