Florida’s Chief Financial Officer has announced that First American Title Insurance Co. must sever its business relationship with 84 limited partnership title-agencies in Florida and have its business activities closely monitored for one year.The agreement also requires First Am. to pay $5 million in penalties and costs to settle charges that it paid kickbacks to [...]
|
||||||
|
Nobody is thrilled about all the short sales and deeds in lieu. After all, Lenders do not want to accept less than they are owed and they are concerned that buyers may be getting below-market deals at their expense. Congress, HUD, FNMA, etc. are leaning on lenders have to figure out a way to reduce [...] Fidelity National Title Group has announced the launch of Cyberhomes– an online destination for home evaluation and neighborhood information. Cyberhomes includes more than 100 million property, ownership, sales and mortgage records, covering more than 85 percent of the United States population. More than 575,000 new ownership records are added every month, and the data is [...] The Real Estate Market has crashed. Most of our abstracting, searching and examining work is now foreclosures or other serious title problems. The Title Underwriters have cut their biggest expense – staff. So there should be some opportunities for us. Why – because Underwriters LOVE volume-related expenses – i.e. if they don’t have an order, [...] It’s much worse than I thought. The number of sub-prime mortgages isn’t just 5-10 percent, in most counties nationwide it is 30 percent or more. And in some areas it is higher than 50 percent! See the NY Times Map as a reality check for the bad news, and as a foretaste of [...] Old Republic International, parent of Old Republic National Title, has purchased significant shares in both MGIC and PMI Group, Inc. as abbounced on Nov. 9th by Bloomberg Old Republic has long been in the Private Mortgage Insurance Business with its subsidiary, Republic Mortgage Insurance Company, better known as RMIC, which has been a significant competitor with [...] |
||||||
|
Copyright © 2010 Landrecs.com – Land Title Consulting & Education - All Rights Reserved |
||||||