Blog/News

Member News
H.B 463 – Good Funds in Ohio

H.B 463 – Good Funds in Ohio

The Ohio General Assembly has recently passed H.B 463 which amends current law concerning escrow transaction and real property foreclosures. Escrow Transactions  The most important initial takeaway is the impact the bill will have on what are...

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Apr 3, 2017
CFPB
What Just Happened to the CFPB?

What Just Happened to the CFPB?

Yesterday, the DC Circuit Court of Appeals issued the enclosed decision in the highly anticipated PHH Mortgage Corporation v. CFPB matter.  This was the case we have been telling you about in our CE seminars that involves the CFPB fining a...

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Oct 12, 2016
Member News

OAITA Supports Ohio House Bill 201

Today Wednesday, February 26, 2014, the Ohio House of Representatives is expected to vote on HB 201 which would increase penalties for lenders who do not record satisfied mortgages for either residential or commercial property in a timely manner....

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Feb 26, 2014
News

Help Avoid Notary Errors On Your Closing Documents!

By Roger Rill President, Ohio Society of Notaries Real Estate document packages frequently contain incorrect wording and/or notarial certificates, particularly from the title companies. For example, many documents are labeled as "Affidavits", but...

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Feb 13, 2014
Member News

Ohio HB 59

Governor John Kasich has helped lawmakers introduce his budget plan into the Ohio House of Representatives in the form of HB 59. Title professionals and lawyers should pay particularly close attention to this bill as it would create a new tax on...

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Mar 13, 2013
CFPB

CFPB seeks more comment on another version of HUD

  The Consumer Financial Protection Bureau (CFPB) is asking for more feedback from their recently introduced two new HUD-1 Settlement Statement forms at their website by click here.   The two prototypes they used last month displayed the final loan...

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Dec 14, 2011
News

Somewhere David Stevens is Smiling

Do you remember David Stevens?  He was the former CBA all-star for Long and Foster Realty and before that with Wells Fargo Mortgage.  In 2009, President Obama tapped him -- much to the chagrin of those who care about the title insurance industry --...

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Dec 2, 2011
Affiliated Business Arrangements

The Story of Pariahs and Fungible Services: What the Supreme Court's Comments Say About Title Insurance Providers

Earlier, we posted a link to the transcript for the Edwards v. First American Title case heard in oral arguments today before the United States Supreme Court.  The transcript is a fascinating read, if anything, to illuminate the nearly irrefutable...

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Nov 29, 2011
NAILTA

NAILTA Goes to Washington, DC!

Attention all NAILTA and OAITA members!  On October 12-13, 2011, members of NAILTA and OAITA will be meeting with members of Congress during our annual Lobby Day in Washington, DC.  If you would like us to visit your member of Congress or be a part...

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Sep 22, 2011
News

What a Difference Thirty Years Makes?

In 1980, ALTA's President expressed the position of ALTA concerning controlled business arrangements as follows: [C]ontrolled business arrangements "are as harmful as the payment of outright kickbacks prohibited by Congress under Section 8 of...

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Sep 7, 2011
CFPB

Help the CFPB. Weigh in now.

Right now, the Consumer Financial Protection Bureau (CFPB) is allowing public comment on their plans to provide a newly redesigned GFE/TILA disclosure.  The sample forms can be found at the website listed below:...

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May 24, 2011
Affiliated Business Arrangements

U.S. District Court in Maryland Revives RESPA 10-Part Test; Takes Swipe at Carter v. Welles-Bowen Court

There was a reason we liked Maryland. In arguably the clearest and most concise statement on RESPA class action litigation ever written, U.S. District Court Judge William Nickerson (a George H.W. Bush appointee from 1990) authored a decision in...

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May 6, 2011
News

U.S. Home Prices Fall 2% in 3Q 2010

In a sign that the housing market is still dragging, the S&P Case-Shiller Index -- a widely watched gauge of housing strength -- reported that home prices fell an average of 2% in the 3Q of 2010.In an ominous tone, David Blitzer, the S&P index...

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Dec 1, 2010
News

The Title Insurance Industry Caves (Again)

The recent foreclosure crisis that has kicked up across the United States has claimed another victim -- the title insurance industry.At the beginning of October, the American Land Title Association (ALTA) was busy promoting the solidarity of the...

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Oct 28, 2010