E-mortgage Volume Spikes During Covid

The increase of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly over the first six months of 2020, the Federal Housing Finance Agency (FHFA) reported. In a September white paper, the FHFA reported that e-mortgages comprised 4.25 percent of all single-family mortgage purchases made by the Government Sponsored Entities (GSE) during the first

Posted in Industry News | Comments Off on E-mortgage Volume Spikes During Covid

ALTA Announces Winners of 2020 Title Webbies

ALTA announced the winners of the 2020 Title Webbies, an awards program recognizing member companies that have created or redesigned the best title industry consumer-facing website or page within the past year. The Title Webbie award winners were honored during ALTA ONE, the largest annual event for the land title insurance industry. Nominees in two

Posted in Industry News | Comments Off on ALTA Announces Winners of 2020 Title Webbies

ALTA Announces Winners of ALTA Our Values Awards

ALTA announced the winners of the 2020 ALTA Our Values Awards. The awards program showcases the title insurance industry’s Our Values initiative, which serves as the industry’s cultural compass and highlights the core ideals ALTA members embrace. The four Our Values award winners were honored during ALTA ONE, the largest annual event for the land

Posted in Industry News | Comments Off on ALTA Announces Winners of ALTA Our Values Awards

Insuring Native American Land Webinar Series

ALTA and its Native American Lands Committee is producing a four-part webinar series titled “Insuring Native American Land: Special Issues and Consideration.” Below are the recordings from parts one and two of the series. Part I This presentation discusses special issues and considerations when searching and insuring property involving Native American land. This presentation focuses

Posted in Industry News | Comments Off on Insuring Native American Land Webinar Series

Strategies for Title and Settlement Companies to Keep Staff and Customers Safe

  As states continue to enter different phases of reopening, employers are confronted with a lack of uniformity and inconsistent guidance. The landscape can be confusing enough for an employer with a single location, but for those operating across multiple states, or even across county lines, monitoring what is required will be quite the endeavor.

Posted in Industry News | Comments Off on Strategies for Title and Settlement Companies to Keep Staff and Customers Safe

GAO Says FinCEN Should Enhance Procedures for Implementing and Evaluating GTOs

The U.S. Government Accountability Office (GAO) recommended in a 41-page report that FinCEN develop additional guidelines to help with oversight, outreach and evaluation when issuing real estate geographic targeting orders (GTO). The main purpose of the study was to look at the cost burden of the GTO and examine potential loopholes in the GTOs. In

Posted in Industry News | Comments Off on GAO Says FinCEN Should Enhance Procedures for Implementing and Evaluating GTOs

ALTA Promotes Industry in USA Today America Responds Special Edition

In the midst of all the uncertainty caused by the COVID-19 health crisis, one thing is certain. The land title insurance industry has truly stepped up. To promote the industry during this trying time, ALTA was included in the USA Today America Responds special edition that recognizes businesses and industries that have remained resilient during

Posted in Industry News | Comments Off on ALTA Promotes Industry in USA Today America Responds Special Edition

Infographics: A Look at Two Digital Closing Scenarios

Remote online notarization (RON) uses two-way audiovisual technology to complete a notorial act when the signer is not in the same physical location as the notary. To date, 27 states have passed RON legislation, while another 20 states and Washington, D.C., have passed issued executive orders allowing for the remote notarization of documents. Here’s a

Posted in Industry News | Comments Off on Infographics: A Look at Two Digital Closing Scenarios

ALTA Registry Connects Lenders With RON-capable Closing Companies

Due to the COVID-19 pandemic, thousands of mortgages are being closed online in order to comply with federal and state social distancing guidelines. To help meet this need, ALTA recently updated the ALTA Title & Settlement Agent Registry (ALTA Registry). The Registry now identifies title and settlement companies that can perform RON closings. This will

Posted in Industry News | Comments Off on ALTA Registry Connects Lenders With RON-capable Closing Companies

Fannie Mae Updates Refi Volume Forecast as Housing Demonstrates Resilience

In its latest forecast, Fannie Mae reported that housing continues to show remarkable strength and upwardly revised its home sales, home price growth and purchase mortgage origination forecasts. Residential fixed investment is now expected to grow significantly in the third quarter before pulling back in the latter part of 2020. The continued decline in mortgage

Posted in Industry News | Comments Off on Fannie Mae Updates Refi Volume Forecast as Housing Demonstrates Resilience