Industry player makes major acquisition

First American Financial Corporation has acquired Bank of America’s lien release business. “We’re excited to soon welcome the Bank of America lien release team to First American,” said Dennis J. Gilmore, chief executive officer at First American Financial Corporation. “The post-closing function is important in today’s mortgage lending environment, and this move will enhance the …

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Industry voices tax bill disapproval

One of the country’s largest industry associations has expressed its opposition to the Senate Tax Reform Bill, which was released late last week “NAMB is opposing the Senate Tax Reform bill released (last week).  NAMB believes several of these changes will cause an immediate negative impact on consumers wishing to purchase a home.  This will …

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Trump Administration Switches Sides on Challenge to SEC Judges

Administration will no longer defend how they are appointed Filing urges Supreme Court to hear investment adviser’s appeal The Trump administration switched sides in a clash that could upend the Securities and Exchange Commission’s hearing process, telling the U.S. Supreme Court that agency judges were appointed in violation of the Constitution. In a legal filing Wednesday, the …

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Regulators to pump the brakes in 2018?

The regulators may have overreached but correcting course isn’t a simple task, according to one economist. “Certainly the pendulum swung too far to over-regulation; there is an optimal mix of setting the appropriate rules and leaving the market to itself. We seem to err on both sides in a sense,” Ralph DeFranco, global chief economist …

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