(White Paper) Acceleration: Forging the Future of Real Estate
By
First American NCS on May 18, 2017
With change occurring in society and business at an ever-accelerating pace, how can the physical world of real estate adapt to an ever-shifting virtual world of bits and bytes? Forces disrupting real estate, including demographic polarization, ...
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Topics: White Papers
FinCEN Reporting Requirements Extended
By
Mike Berey on May 9, 2017
On January 13, 2016 FinCEN issued Geographic Targeting Orders (“GTOs”) requiring “certain U.S. title insurance companies to identify the natural persons behind companies used to pay ‘all cash’ for high-end residential real estate in the Borough of ...
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Topics: FinCEN
First American Financial Announces First Quarter 2017 Earnings Conference Call
By
Tanisha Quilter on April 27, 2017
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that it will host a conference call on Thursday, April 27, 2017, at 11 ...
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Topics: 2017 first quarter call
Cybersecurity for Financial Service Companies in New York
By
Mike Berey on April 11, 2017
New York State’s Department of Financial Services has issued 23 NYCRR 500, “Cybersecurity Requirements for Financial Services Companies”, requiring that “[e]ach Covered Entity shall maintain a cybersecurity program designed to protect the ...
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Topics: Cybersecurity
Wraparound Mortgages Revisited
By
Jack Murray on March 22, 2017
A wraparound mortgage transaction has been described as follows: [A] preexisting mortgage (usually of first priority) on the real estate remains in place, while a new “wraparound” mortgage of second priority, generally for a higher balance, is placed on ...
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Topics: Wraparound Mortgages
When is a Sale-Leaseback an Equitable Mortgage?
By
Jack Murray on March 10, 2017
When two sets of sophisticated real estate investors represented by experienced counsel say something is a duck -- and it quacks and swims with its webbed feet -- is it a duck?
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Topics: Equitable Mortgage Sale-leaseback