There are serious efforts underway in Washington DC to give controlled business arrangements a "leg up" on your business. The House Financial Services Committee (HFSC) in Washington DC is considering a bill known as HR 4323, the Consumer Mortgage Choice Act (click here) which would exempt affiliated businesses from the definition of "points and fees" under Dodd-Frank's qualified mortgage definition. In this way, the bill aims to incentivize the use of affiliated businesses to the detriment of independent title agents. RESPRO, NAR, NAMB and the rest of the referral source lobby want to pass [ ... ]

Generally speaking, a trust is not a legal entity and it may not hold title to real property, with a couple of exceptions for specific types of trusts.  Rather, it is the trustee who holds title  [ ... ]

The referral source lobby is making a last minute attempt to try to amend Dodd-Frank to exempt “affiliates” or controlled business arrangements from the 3% cap rule under Dodd-Frank.  Legislation [ ... ]

The litigation with the Ohio Department of Insurance remains pending in the Franklin County Court of Common Pleas.  The Magistrate in that action has ruled in favor of permitting OAITA and Eagle Land [ ... ]