Filipe Frazao / Shutterstock.com What's fact and what's fiction in potential TRID implementation delay

What's fact and what's fiction in potential TRID implementation delay

When Steven Antonakes, associate director for supervision, enforcement and fair lending at the Consumer Financial Protection Bureau, took to the stage yesterday at the Consumer Bankers Association’s CBA LIVE event to discuss the bureau’s new TILA...
By Amy Swinderman | Thursday, March 26, 2015
Falcona / Shutterstock.com Realtors and lenders confused about value of title insurance, says ALTA

Realtors and lenders confused about value of title insurance, says ALTA

Realtors and lenders are just as ignorant as the general public about what title insurance is and the value it provides to the homebuying process, according to the American Land Title Association ......
By Amy Swinderman | Tuesday, March 24, 2015
Monkey Business Images / Shutterstock.com It’s full steam ahead for CFPB’s public complaint database

It’s full steam ahead for CFPB’s public complaint database

Despite strong objections from leaders in the mortgage and other banking industries, the Consumer Financial Protection Bureau is moving forward with a policy that allows consumers to publicly voice their complaints about consumer financial products a...
By Amy Swinderman | Monday, March 23, 2015
BrandonBourdages/Shutterstock Mortgage service provider escapes markup allegations in RESPA case

Mortgage service provider escapes markup allegations in RESPA case

Mortgage service provider LSI Title Agency Inc., a division of Lender Processing Services Inc., is breathing easier after the 11th U.S. Circuit Court of Appeals cleared it of alleged violations of the Real Estate Settlement Procedures Act in a case c...
By Amy Swinderman | Friday, March 20, 2015
CoolR / Shutterstock.com Will new state title insurance regulators provide better consumer protection?

Will new state title insurance regulators provide better consumer protection?

Several states are considering proposals that would create new supervisory entities for the title insurance industry, both in response to highly publicized fraud cases and the desire of the industry to be regulated by government officials who underst...
By Amy Swinderman | Wednesday, March 18, 2015
Daimond-Shutter / Shutterstock NAR rallies troops with TRID training

NAR rallies troops with TRID training

Although the Consumer Financial Protection Bureau’s new TILA-RESPA Integrated Disclosures (TRID) rule takes effect Aug. 1 and has many implications for lenders and settlement agents, real estate agents and brokers also will be affected by the use o...
By Amy Swinderman | Tuesday, March 17, 2015
COSenate Colorado lawmakers want to create title insurance commission

Colorado lawmakers want to create title insurance commission

Colorado is considering legislation that would appoint a title insurance commission to combat potential conflicts of interest between the industry's regulator and the companies she oversees. Senate Bill 15-210 would retain the insurance commissioner'...
By Amy Swinderman | Monday, March 16, 2015
Andrea Izzotti / Shutterstock.com Congress suggests consumers need protection from CFPB

Congress suggests consumers need protection from CFPB

Congressional lawmakers are suggesting that the same consumers that the Consumer Financial Protection Bureau (CFPB) aims to protect are being harmed by "the single most powerful and least accountable federal agency in all of Washington." At least fiv...
By Amy Swinderman | Friday, March 13, 2015
linerpics / Shutterstock.com Kitec could stop you from getting homeowners insurance

Kitec could stop you from getting homeowners insurance

If your clients have used a product known as Kitec in the installation of the radiant heat, some insurance companies won't insure their homes. This issue turned up in a house inspection recently and caught everyone by surprise ......
By Richard Silver | Friday, March 13, 2015
kropic1 / Shutterstock Supreme Court decision bolsters federal regulators' power to interpret and change regulations -- without formal notice

Supreme Court decision bolsters federal regulators' power to interpret and change regulations -- without formal notice

Even as the Consumer Financial Protection Bureau (CFPB) is under fire for overstepping its authority to regulate the financial services industry, the bureau and other federal regulators received more muscle this week from a U.S. Supreme Court decisio...
By Amy Swinderman | Thursday, March 12, 2015
Joy Brown / Shutterstock.com Unlicensed contractors are a hidden risk for California homeowners

Unlicensed contractors are a hidden risk for California homeowners

Real estate agents are often advised to create a network of contractors that they can share with clients. In California, however, that referral network could cause problems for new homeowners. ......
By Julian Pardo de Zela | Wednesday, March 11, 2015
Zoom Team / Shutterstock.com CFPB director to real estate industry: Take August TILA-RESPA rule effective date seriously

CFPB director to real estate industry: Take August TILA-RESPA rule effective date seriously

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray is showing little sympathy for companies that may be behind the curve in preparing for what many have called a sea change in the way mortgage transactions are conducted — even whi...
By Amy Swinderman | Monday, March 9, 2015
FooTToo / Shutterstock.com 3 tips for navigating the expanding short-term rental real estate niche

3 tips for navigating the expanding short-term rental real estate niche

There is a movement across America in city governance, municipalities, townships, homeowners associations, condo associations — in fact, anywhere that can impose legislation and regulation — and it's growing. This expansion impacts second-home bu...
By Heather Bayer | Friday, March 6, 2015
RyanMcGuire/Gratisography Actually, real estate professionals should sweat some small stuff

Actually, real estate professionals should sweat some small stuff

Leigh Brown, broker/owner at Re/Max Executive Realty in Concord, North Carolina, talks about why you shouldn't lose sight of the smaller picture when the media is pushing a big story ......
By Leigh Brown | Wednesday, January 28, 2015
yurchello108_219894076 Mortgage lenders settle RESPA kickback charges for $35.7M

Mortgage lenders settle RESPA kickback charges for $35.7M

Wells Fargo has agreed to pay $34.8 million to settle allegations that more than 100 loan officers in at least 18 branches steered thousands of mortgage borrowers to a Maryland-based title company in exchange for kickbacks in the form of ......
By Phillip Woolgar | Friday, January 23, 2015
Gunnar Pippel_76755373 Preprinted real estate contracts could get you fined

Preprinted real estate contracts could get you fined

It's a seemingly innocuous practice, but many real estate agents are steering their brokerages toward enormous fines and unwanted attention from state and federal regulators — and they don't even realize it ......
By Todd Ewing | Friday, January 23, 2015
Wichy_195457754 Tests trample many in stampede for real estate licenses

Tests trample many in stampede for real estate licenses

Interest in a career in real estate sales continues to rebound in nearly every state in the union, but not everyone who wants in on the action is able to obtain their license right off the bat. Last year, half ......
By Phillip Woolgar | Monday, January 19, 2015
O'dea/WikiCommons Property search engine will serve budding pot industry

Property search engine will serve budding pot industry

A new startup has ambitions of becoming the Zillow of property search for marijuana growers and landlords who are willing to rent their properties to people in the budding industry. The new service, HerbFront, will offer zoning maps to identify ......
By Inman | Friday, January 16, 2015