Author Archives: oaita

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 … Continue reading

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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 truth that no one … Continue reading

Posted in AfBAs, class action, controlled business arrangement, RESPA | 2 Comments

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!

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Regardless of what the MERS proponents keep saying (i.e. there’s nothing wrong with MERS), more litigation keeps piling up.  This time the litigation is local to Ohio.  Here’s a snippet of a press release that has circulated the wires over … Continue reading

Posted in MERS, mortgage electronic registration systems | Leave a comment

The National Association of Independent Land Title Agents (NAILTA) filed an Amicus Brief in the Edwards v. First American case currently pending in the U.S. Supreme Court.  The brief is filed in support of Denise Edwards, the Respondent, a consumer … Continue reading

Posted in CBA, RESPA, title insurance, title insurance; kickbacks | Leave a comment

Another excellent piece from the fine folks at Source of Title who inform us that: In 2005, Fannie Mae was tipped off by an shareholder that foreclosure firms were engaged in abusive and illegal practices. It hired a law firm, … Continue reading

Posted in foreclosure | Leave a comment

In addition to ALTA’s amicus brief in the Edwards v. First American case currently pending in the United States Supreme Court, there were other amicus brief filings in support of First American including the following: Stewart Information Services Corporation (Stewart Title) Fidelity National … Continue reading

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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 RESPA.  [T]he American Land Title Association … Continue reading

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Credit the Real Estate Services Providers Council (RESPRO) for their consistent use of Orwellian-like propaganda. On August 1, 2011, RESPRO submitted their written testimony concerning the Credit Risk Retention Rule found in Title X of the Dodd-Frank Wall Street Reform … Continue reading

Posted in AfBAs, controlled business arrangement, Howard Hanna, RESPRO, title insurance | 2 Comments

ALTA announced earlier this week that, Kurt Pfotenhauer, current MERS Chairman and then-CEO of ALTA, was leaving his post at ALTA to take a position “in the private sector”. His new position? Chief Lobbyist for First American Title. To those … Continue reading

Posted in ALTA, title insurance, Uncategorized | 6 Comments