Today’s news for the Title Insurance Industry is not good, reading like a bad novel… In Georgia [...]
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A great article from Preservation Monthly. The FHA is opening a one year program to help stabilize neighborhoods struck with foreclosure. The program, available February 1st, 2010 will allow access to FHA insurance much faster. In today’s market, FHA research finds that acquiring, rehabilitating and the reselling these properties to prospective homeowners often takes [...] 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 [...] WBAL TV ran this segment on the Maple Leaf Title Co alleged defalcation. More bad news for an industry already in sad shape. See video here. 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, [...] US News & World Report has an excellent article on the outlook for Real Estate in 2010. Read it here. In the author’s opinion, interest rates along coupled with lower housing prices should be key to an economic return in 2010 for real estate. Particularly coupled with federal money for first time homebuyers. After all, [...] |
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