On September 17th, the National Association of Independent Land Title Agents (NAILTA) sent out the NAILTA Member Update to all it’s members concerning CFPB Bulletin 2012-03. This Bulletin was issued by the Consumer Financial Protection Bureau (CFPB) in an attempt to address Dodd-Frank Act compliance for supervised banks and nonbanks. [...] Read more »
Indiana Supreme Court Limits Use of Strict Foreclosure to Clear Title
In 2005, Countrywide Home Loans, Inc. obtained a first mortgage against real estate owned by Rita and Kenneth Cloud. Sometime thereafter, the Clouds went into default and the mortgage was foreclosed. On August 28, 2006, Countrywide filed a foreclosure action against the Clouds. At a Sheriff’s Sale on February 22, [...] Read more »
NAILTA Issues White Paper on HR 2425 MERS Bill
The National Association of Independent Land Title Agents (NAILTA) has issued a white paper on Congresswoman Marcy Kaptur’s HR 2425 that would curtail the Mortgage Electronic Registration System (MERS) and prevent government sponsored enterprises such as Fannie Mae and Freddie Mac, which are also MERS shareholders, from utilizing the MERS [...] Read more »
Edwards v. First American – today’s oral argument
To those interested in reading how today’s oral argument in the Edwards v. First American case at the U.S. Supreme Court went, the transcript is now available here! Read more »