It would be nice to hear some good news about a title company these days. The industry is certainly being clobbered on a regular basis. When is the last time we tooted our horn about paying a legitimate claim? We DO pay legitimate claims – do we not? All we seem to hear about are [...]
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Title Insurers and Closers, beware. CNBC has picked up yet another RESPA violation. It would seem that some second mortgage lenders are asking for “payments on the side – i.e. off the closing statement,” (clearly illigal under RESPA) in order to release liability under the second mortgage. Their leverage is, if you don’t pay, we [...] Residential mortgage numbers in default are higher than they have been since the Great Depression. Realty Trac, publisher of the country’s largest database of foreclosure activity, estimates that the numbers will continue to increase through the third quarter of 2010 due to high unemployment rates and the reset of interest rates on large groups of [...] Title Underwriters are going back to the slower but more prudent levels of search and exam. They have excised poor quality agents. The pendulum has swung back to a more thoughtful process. So let’s consider this a lesson learned and not forget it. We need to self regulate to a large degree, and where we can’t or don’t there are plenty of regulators out there to deal with [...] Excellent Audio and PowerPoint on the new HUD1 required for closings on Jan 1, 2010. [...] 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 [...] |
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