The ALTA Forms Committee has made technical corrections to the 2016 ALTA Commitment and 2017 ALTA Short Form Commitment for an ALTA Short Form Residential Loan Policy.
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New York – TIRSA – Effective April 9, 2018 On January 10, 2018, the NYS Department of Financial Services approved a Revised TIRSA rate manual. The new rates are effective as of April 9, 2018. The revised rate manual is essentially a restated rate manual.
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The TRID Improvement Act bill passed a full House vote (271-145) on February 14, 2018. The next step is the Senate floor for a vote - however, that can take some time. There are two other possibilities that could help get the bill passed:
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4/20/18 2:08 PM
What you need to know about the CFPB ongoing drama
Posted by
SoftPro on 4/20/18 2:08 PM
It's the end of April, and there's still no permanent Director of the CFPB. The battle between Acting Director Mick Mulvaney and Leandra English is still going strong. On January 30, 2018 English filed a brief for her appeal in response to the January...
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1/31/18 12:22 PM
CFPB declared constitutional by Court of Appeals
Posted by
SoftPro on 1/31/18 12:22 PM
According to HousingWire, in a stunning reversal of its previous decision, the full Court of Appeals for the District of Columbia Circuit ruled Wednesday that theConsumer Financial Protection Bureauis constitutionally structured.
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New Jersey Form and Rate Manual Revision – Effective December 31, 2017
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Director Cordray officially resigned as Director of the CFPB in November and later announced he would run for governor of Ohio. President Trump immediately named his budget director, Mick Mulvaney, as the Acting Director of the bureau. However, prior to...
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The U.S. House Financial Services Committee passed the ALTA-supported TRID Improvement Act of 2017 (H.R. 3978) by an overwhelming 53-5 bipartisan vote in mid-November 2017. The bill, introduced by U.S. Reps. French Hill and Ruben Kihuen, corrects the...
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12/19/17 10:02 AM
The New 2016 ALTA Commitment...SoftPro has You Covered!
Posted by
SoftPro on 12/19/17 10:02 AM
Although the decertification date of the 2006 ALTA Commitment has been pushed back to August 1, 2018, you can still use the new 2016 Commitment now! SoftPro has worked with the various underwriters to ensure that the updated 2016 ALTA Commitment is ready...
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11/8/17 1:29 PM
Decertification Date of 2006 ALTA Commitment Changed to August 1, 2018
Posted by
SoftPro on 11/8/17 1:29 PM
ALTA recently announced that on August 1, 2018, both the ALTA Commitment (06-17-06) and the ALTA Short Form Commitment (10-16-08) will be decertified from the current collection of standard ALTA forms and moved to the archives. The original...
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