The Title Insurance industry has slowed to a crawl. Most of the business right now seems to be foreclosures and short sales. But with Congress’ plan to modify existing mortgages, even that pittance will be drying [...]
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Moody’s Economy.com estimates nearly 13.8 million of the 52 million U.S. homeowners, almost 27 percent, owe more than their homes are worth after many months of declining prices. So what does the Obama plan say and how will that affect title insurers? The Homeowner Affordability and Stability Plan anticipates slowing 7-9 million foreclosures. One part of [...] Title Companies – All those line items for Settlement Fees are going away! Under the new GFE-Based HUD-1, Title Companies will have ONE LINE on which to disclose total [...] Fidelity National announced that it cut 1,500 of the 5,500 jobs it inherited from the recent LandAmerica acquisitions in January, and it also closed 125 offices. While more cuts are possible, depending on the market, it said that it expects the largest cuts have probably taken place. At the start of 2008, LandAmerica employed as estimated 11,000 full-time employees nationwide…now approximately 2,200 remain…and [...] |
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