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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. Over the past year, the American Land Title Association has worked to pass legislation at the state level to ban right-to-list agreements, such as those used by MV Realty. The story was first reported by CBS News.

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Hawaii Supreme Court rules against insurance companies, $4B settlement to proceed

Housing Wire

It was reached by the plaintiffs and seven defendants: the State of Hawaii, the County of Maui, Hawaiian Electric , Kamehameha Schools , West Maui Land Co. Plaintiffs agreed to the settlement in part due to the potential for the power companys bankruptcy, despite the total figure not being enough to cover their losses.

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Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads

Housing Wire

They have embraced the soft landing narrative but have forgotten how to truly pilot. A repeat rise of inflation for this group, which represents more than 90 million households means deeper credit card use, crippling debt, mortgage defaults, student loan nonpayment, automobile repos, bankruptcies, and a decision between groceries or rent.

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Kentucky passes bill to end ‘harmful’ listing contracts 

Housing Wire

Recorded in property records since 2018, right-to-list agreements can be misleading in many instances, and they can create “impediments and increase the cost and complexity of transferring or financing real estate in the future,” according to a news release from the American Land Title Association (ALTA), which supports the legislation.

Title 448
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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Through the American Land Title Association and state associations, the industry continues to develop new tools to help consumers understand the role title insurance plays in the closing, the benefits of title insurance and how to shop for title insurance. Mary O’Donnell is CEO of Westcor Land Title Insurance Co.

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Right-to-list agreements now banned in 30 states

Housing Wire

Since making headlines for the first time roughly 18 months ago, right-to-list agreements — also known as Non-Title Recorded Agreements for Personal Service (NTRAPS) — have been banned in 30 states, according to an announcement from the American Land Title Association (ALTA). The firm had more than 500 real estate agents.

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Opinion: The larger risk from a barely noticed CFPB lawsuit

Housing Wire

If the case of the CFPB vs. the National Collegiate Student Loan Trust (“NCSLT”) lands the wrong way… well, let’s just say it will be harder to fix than my dishwasher. . One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer.