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Is it the End of the World as We Know It? New York is considering a state run “Title Guarantee Department” that would appoint directors who in turn would appoint and hire “officers and agents as it may require,” according to PRNewswire.com In response, a new lobbying group has taken the initiative to attempt to stop [...] DSNews reports the closure of four more lending banks: La Jolla Bank, FSB in La Jolla, California; George Washington Savings Bank, Orland Park, Illinois; Marco Community Bank, Marco Island, Florida; and The La Coste National Bank, Lacoste, Texas. This brings the number of failures on the FDIC list to 20 for this year. Nearly all [...] Roseann Wagner, 45, of Prior Lake, Minnesota was sentenced in federal court for stealing more than $470,000 for payment of title insurance premiums and recording fees. Wagner, a licensed insurance agent, owned and operated Tri-Star Title, a title insurance agency. The investigation also found that Wagner had withdrawn nearly $100,000 from ATMs and cashiers at a [...] Today’s news for the Title Insurance Industry is not good, reading like a bad novel… In Georgia [...] I found this lawsuit to be a perfect case study in what I would title “ How to Destroy Faith in the U.S. Mortgage Backed Security [...] In its annual report on title insurance, Colorado’s Commissioner of Insurance revealed that the state is currently conducting an investigation into payment of referral fees and inducements for referrals in the title insurance industry, and anticipates that the investigation will yield “significant enforcement actions” in 2010. The title industry in Colorado, like in many other states, [...] |
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