A recent study by the FHA has unearthed a big surprise – in 2007, lower-income borrowers had higher credit scores than higher-income borrowers. The analysis showed that borrowers with median incomes of $48,756 year had credit scores that were a better credit risk than Borrowers with average incomes of $53,388. Even in studying loans with [...]
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The Hometown Annapolis newspaper reports that the Maryland insurance commissioner suspended the license of a local title company owner on May 29th, claiming the woman absconded with up to $3 million in mortgage settlements. The owner has not been seen since the company’s underwriter, conducted an audit at her Severna Park office on May 19th. [...] Bloomberg recently said: In the midst of the worst surge in mortgage defaults in seven decades, foreclosures in U.S. towns where soldiers live are increasing at a pace almost four times the national average, according to data compiled by research firm RealtyTrac Inc. in Irvine, California. As I read on, my blood is flowing. I am angry. [...] Betty from the DOT called today, asking about the widening of a road. As I understand it, the area next to the existing road that they want to widen was originally dedicated to the City for a Public Park on an 1880’s plat. More recently, there was a replat (i.e. a new plat filed [...] “Stangely enough, I will strongly recommend this class to others…” [...] I sometimes feel that life in the title industry is like life in a soap opera! Times are always either TOO good or TOO bad. We are always looking to hire, or looking to fire. For those who follow the Title Industry as a whole, lots of news arrived May 1st as the status [...] |
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