Tag: news

SECURE Notarization Act

SECURE Notarization Act passes in the House, paves way for national RON legislation

Written by Federal Title on 2022-07-29.

The U.S. House of Representatives passed a series of bills on Wednesday night that included the ALTA-supported Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act (H.R. 3962), according to a news bulletin...

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10 things you should know about closing costs

Written by Federal Title on 2022-04-05.

Closing costs will inevitably take a large bite out of your wallet at the settlement table — anywhere from a few to several thousand dollars. But are homebuyers in DC, Maryland & Virginia paying more than they have to?With a solid...

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Cryptocurrency: can you use it for real estate transactions?

Written by Kimberly Gentile on 2022-03-08.

If you think cryptocurrency is just a fad, think again. This alternative form of payment is showing up in just about any industry that has a buyer and a seller. A steady increase in real estate transactions have been made with the help of...

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Virginia Bans Split Closings

Written by Kimberly Gentile on 2022-02-04.

The Virginia Bureau of Insurance today announced in an administrative letter that it has effectively banned split closings, which is an industry term for a practice where closing services are divided between two or more settlement agents.In...

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FHFA announces upfront fees increase coming soon for high-balance & second-home loans

Written by Kimberly Gentile on 2022-01-11.

If you have a high-balance mortgage or own a vacation home, expect to see an increase in upfront fees this spring.Upfront fees on specific high-balance (above the conforming loan limit) and second-home mortgage loans sold through the Enterprises,...

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