|
Stewart reaches deal with activist investors
Posted Date: Tuesday, October 18, 2016
Stewart Information Services Corp. has entered into an agreement with Starboard Value LP (together with certain of its affiliates, "Starboard") regarding the composition of the Stewart Board of Directors.
Stewart Chief Executive Officer Matthew Morris and a new independent director, Clifford Press, will be appointed to the Board, effective immediately.
Morris and Press will replace Malcolm S. Morris and Stewart Morris, Jr., who have agreed to resign after each serving on the Board for 16 years.
|
|
|
CFPB unconstitutional, court says
Posted Date: Tuesday, October 11, 2016
In a sharp rebuke of its authority and decision-making, the D.C. Circuit Court of Appeals has ruled that the Consumer Financial Protection Bureau is unconstitutionally structured and must be changed to continue operations.
The court ruled that CFPB Director Richard Cordray enjoyed more unilateral authority “than any other officer in any of the three branches of the U.S. government, other than the president.” The bureau will be allowed to continue operations, but the court worked to change its structure to allowed it do so.
“The bureau respectfully disagrees with the court’s decision,” a CFPB spokesperson said.
Read on for details of the decision, along with more CFPB and industry reaction.
|
|
|
Wells Fargo CEO out, president takes over
Posted Date: Thursday, October 13, 2016
A month after Wells Fargo reached a settlement with regulators and officials over fraudulent sales practices in its community bank division, its CEO has resigned.
|
|
|
How redacting identities could concern title industry
Posted Date: Sunday, October 23, 2016
Address Confidentiality Programs (ACP) are being adopted in many states to protect victims of domestic violence and other residents in need of protection.
Although many want to help these groups, the public record is losing integrity, according to a panel at the Association for Title Information Management (ATIM) Annual Conference.
Keep reading to learn more.
|
|
|
A.M. Best rates Fidelity, subsidiaries
Posted Date: Sunday, October 16, 2016
A.M. Best affirmed the Financial Strength Ratings for Fidelity National Financial and its title insurance subsidiaries.
Read on to learn more.
|
|
|
CCN announces first title agency acquisition
Posted Date: Thursday, October 13, 2016
Community Closing Network, LLC (CCN) announced its first title agency acquisition with its purchase of a regional agency headquartered in Baltimore.
The agency being bought operates seven offices throughout the Maryland and Delaware region, providing title and settlement services with its professional staff of 55 employees.
Read on to learn more about this deal and the synergies expected to be gained from the acquisition.
|
|
|
First American acquires TD Service Financial Corp.
Posted Date: Tuesday, October 11, 2016
First American Financial Corp. acquired TD Service Financial Corp., a provider of technology and services to the mortgage banking industry specializing in post-closing services and document management. Read on to learn more.
|
|
|
A.M. Best report shows strength in past year
Posted Date: Sunday, October 9, 2016
A new report from A.M. Best on the title insurance industry shows a strong operating performance in the past year.
The results came in part because of improved macroeconomic activity, the analysts said, as well as a “remarkably low” 30-year fixed mortgage rate. The report also discussed the agency’s outlook rating for the title insurance sector.
Read on for details from the annual look at the industry.
|
|
|
Report shows which party benefits homeowners
Posted Date: Sunday, October 9, 2016
A new analysis by ATTOM Data Solutions looked at how much value homeowners have gained or lost in the past eight years by whether they lived in Democratic congressional districts or Republican ones. Think you know which party brought more value to homeowners over that time? Read on and see if you’re correct.
|
|
|
G7 lays out fundamental elements of cybersecurity for financial sector
Posted Date: Sunday, October 16, 2016
The G7 finance ministers announced they have agreed to fundamental elements of cybersecurity for the financial industry.
These non-binding best practices for the global cyberrisks are designed for financial sector private and public entities to tailor to their specific operational and threat landscape, role in the sector and legal and regulatory requirements.
Keep reading to learn more.
|
|
|
Report shows ‘security fatigue’ a risk for businesses
Posted Date: Sunday, October 9, 2016
A new study from the National Institute of Standards and Technology shows that as consumers and employees are asked to take more steps to comply with security rules and regulations, the onset of “security fatigue” may keep them from being as safe as necessary.
And that, the study says, is a risk factor that businesses need to account for to keep their information secure and protected from potential breaches.
Read on for more details on the study.
|
|
|
FFIEC issues FAQs on cybersecurity assessment tool
Posted Date: Tuesday, October 18, 2016
The FFIEC issued a frequently asked questions guide related to its cybersecurity assessment tool.
The guide answers questions and clarifies points in the assessment from the past year, the FFIEC announced.
Read on to learn more.
|
|
|
NextDeal announces Cloudstar integration
Posted Date: Sunday, October 9, 2016
NextDeal announced it has integrated its preDOCS technology solution with Cloudstar. The technology automates the electronic delivery of opening packages for review, completion and eSignature by buyers and sellers, the company said. Read on for more details.
|
|
|
|
ClosingCorp unveils new technology
Posted Date: Thursday, October 6, 2016
ClosingCorp announced the release of a new closing costs calculator the the settlement services industry.
The new technology is said to help title companies be more efficient, as well as deepening their relationships both with lenders and Realtors.
Read on for more about this new release.
|
|
|
New ClosingCorp CEO set to reach new heights
Posted Date: Sunday, October 16, 2016
ClosingCorp hired a new CEO, who began his career with RealEC Technologies and hopes to bring the lessons learned as an executive there to the new position with ClosingCorp.
He hopes to sharpen the focus of management and staff on its core solution and provide industry-leading service to clients, both lenders and settlement agents.
Read on for details of the new hire and how he plans to emulate Phil Jackson in taking his company to the top.
|
|
|
RamQuest unveils eSigning solution
Posted Date: Thursday, October 6, 2016
RamQuest has released a new electronic signing solution technology, the company announced.
The product will be a true hybrid signing solution, the company’s chief financial officer said in announcing its release.
Read on for all the details of the technology.
|
|
|
Commonwealth USA Settlements adds EVP
Posted Date: Tuesday, October 11, 2016
Commonwealth USA Settlements, LLC, appointed an executive vice president of corporate development. The company is a national title and settlement services provider and the new hire will be charged with growing new business as well as supporting existing client relationships. Read on for the details.
|
|
|
|
Clayton names chief revenue officer
Posted Date: Sunday, October 9, 2016
Clayton Holdings LLC announced that it has promoted from within to fill the role of chief revenue officer at the company. The new hire will lead efforts to drive its revenue streams and identify new opportunities for growth, the company said. Read on for the details.
|
|
|
Consumers show caution in home purchases
Posted Date: Tuesday, October 11, 2016
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.2 points to 82.8 in September, moving further off of survey highs. Keep reading to learn more.
|
|
|
New-home purchase mortgage applications increase
Posted Date: Sunday, October 16, 2016
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2016 shows mortgage applications for new-home purchases increased 3 percent relative to September 2015. Keep reading to learn more.
|
|
|
Title Alliance hires corporate trainer
Posted Date: Tuesday, October 18, 2016
Title Alliance appointed a corporate trainer based in Mesa, Ariz. She will be responsible for working with the training department. Read on to learn more.
|
|
|
|
September foreclosure activity decreases 24 percent
Posted Date: Sunday, October 16, 2016
ATTOM Data Solutions released its September and Q3 2016 U.S. Foreclosure Market Report, which shows a total of 82,972 properties with foreclosure filings in September, down 13 percent from the previous month and 24 percent from a year ago to the lowest level since December 2005. Read on to learn more.
|
|
|
Survey: Most small businesses unprepared for cyberattacks
Posted Date: Sunday, October 16, 2016
Most small-business owners (78 percent) still don't have a cyberattack response plan, even though more than half (54 percent) were victim to at least one type of cyberattack, according to the Small Business Owner Study by Nationwide. Keep reading to learn more.
|
|
|
|
Westcor names investor services division SVP
Posted Date: Thursday, October 13, 2016
Westcor Land Title Insurance Co. appointed a senior vice president. He will provide senior leadership to Westcor’s Investor Services division. Read on to learn more.
|
|
|
TRID comment deadline is Tuesday
Posted Date: Thursday, October 13, 2016
The deadline for submitting comments on the re-proposal of the TILA-RESPA Integrated Disclosure (TRID) rule is Oct. 18, so any interested parties are encouraged to make their voice heard quickly. Read on for details on how to make and submit comments to the rule.
|
|
|
ALTA names new president, NTP designees
Posted Date: Tuesday, October 11, 2016
During its ALTA One Conference, the American Land Title Association (ALTA) named Daniel Menneoh as president for the 2016-2017 year. ALTA’s Nominating Committee also installed the 2016-17 ALTA Board of Governors and named 6 National Title Professionals. Read on to learn more.
|
|
|
CoreLogic reports 37,000 foreclosures in August
Posted Date: Tuesday, October 11, 2016
CoreLogic released its August 2016 National Foreclosure Report, showing foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015. Keep reading to learn more.
|
|
|
Industry survivor shares her story
Posted Date: Tuesday, October 11, 2016
For the fifth consecutive year, October Research, LLC is raising money for the Stefanie Spielman Fund for Breast Cancer Research at The Ohio State University Comprehensive Cancer Center –Arthur G. James Cancer Hospital and Richard J. Solove Research Institute. 10 percent of revenue from new subscriptions to all of our publications will be donated to the fund through Oct. 17. To help us with this worthy cause, industry friend Leslie Wyatt, a breast cancer survivor, shared her story.
|
|
|
On the scene in Scottsdale
Posted Date: Thursday, October 6, 2016
The Title Report is working through the desert temperatures in Scottsdale, Ariz., this week as the title industry gathers for the annual American Land Title Association conference. Read on for a glimpse at what we’re covering on the road.
|
|
|
Illinois title agency adds executive VP
Posted Date: Thursday, October 6, 2016
A title agency based in Palatine, Ill., announced it has hired an executive vice president of title and escrow operations. He will be responsible for managing the firm’s overall title operations. Read on for more about this hire.
|
|
|
Ernst enhances gateway technology
Posted Date: Thursday, October 6, 2016
Ernst Publishing Co. announced a new enhancement to its settlement agent gateway. Read on to find out what the changes will mean.
|
|