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FHFA inspector general role vacant after reported ouster of Joe Allen
The inspector general position at the Federal Housing Finance Agency (FHFA) is currently vacant after the reported ouster of Joe Allen.
Broker wants NAR membership lawsuit dismissal overturned
Broker-plaintiff Luz de Amor Eytalis asks the appeals court to reverse the lower court’s dismissal and remand her suit.
Columbus Realtors, Rayse partner to highlight agent value
The collaboration gives the association’s 9,000-plus members complimentary access to Rayse through their member portal.
Stop leaving deals on the table: how lenders can use DPA to win the “missing middle”
We have known each other for years and frequently appear on the same panel or podcast. Recently, Mosi has made some points to address some of the challenges of down payment assistance (DPA) programs, and we wanted to share and build on those thoughts because they are major shifts we feel the industry needs to make.
TransUnion pushes back on single-pull mortgage credit proposal
The credit bureau argues that replacing tri-merge reports with a single pull could exclude creditworthy borrowers and increase systemic risk.
Former economic leaders Cohn and Summers warn on U.S. fiscal path
Top economists Gary Cohn and Lawrence Summers discuss U.S. fiscal challenges, warning about inflation and federal debt sustainability.
New Western acquires Big State Home Buyers to expand investment pipeline
Combined efforts could generate up to 8,200 additional investment opportunities annually once the companies are fully integrated.
Qualia puts forth FinCEN compliance solution
Incomplete or late FinCEN reports could lead to fines of up to $1,400 per violation and more than $100,000 for patterns of negligence.
Younger homeowners seek to redefine property ownership
Millennials inheriting wealth are more likely to value sustainability, walkability and community benefit over maximum financial return.
Trump administration should hit the brakes on title insurance waiver pilot program
In the final days of the Biden administration, officials had several policy decisions to make as the president worked to cement his legacy, including whether to move forward with the Federal Housing Finance Agency’s (FHFA) title insurance waiver pilot program. The program would waive title insurance requirements for certain Fannie Mae federally backed mortgage loans. Both Democrats and Republicans on Capitol Hill previously expressed concern that the program would undermine the protection title insurance provides.
Qualia acquires RamQuest, E-Closing from Old Republic
The company said the acquisitions are part of a new strategic partnership. The financial terms of the deal were not disclosed.
Why title insurance is essential to the U.S. system of property rights
The U.S. system for the transfer of real estate is unique in the world. We transfer ownership by private contract between parties; no advance government approval is required. By contrast, many European countries have a centralized, government-managed land registration system, which requires government review before property transfers are effective. Among the many benefits of the U.S. system are the speed of the transfer, which in our system depends only on the parties being ready to close.
