The American Land Title Association has reported that its top executive, James Maher, is retiring after 23 years of service to the title industry."It has been my privilege to serve as executive vice president, and I look forward to serving in a consulting capacity," Mr. Maher said. He joined ALTA after working as a Department of Housing and Urban Development attorney, and he was a fierce critic of HUD's 2002 proposal to reform the Real Estate Settlement Procedures Act to allow the bundling of title and other settlement services. HUD later withdrew the proposal. ALTA's board of directors has formed a search committee to find a new EVP. The association can be found on the Web at http://www.alta.org.
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A federal judge ruled that acting Consumer Financial Protection Bureau director Russell Vought unlawfully refused to request agency funding from the Federal Reserve Board, dealing a procedural blow to a legal argument that the Fed can only fund the CFPB when it turns a profit.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
March 13 -
A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
March 13 -
Borrower equity fell $78.8 billion, or 0.5%, year over year in Q4, according to Cotality's Home Equity Report. That's an average decrease of $8,500.
March 13 -
Lennar's first fiscal quarter earnings were down by more than half after three years of persistent trials which are testing consumer confidence and sentiment.
March 13 -
Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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