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Tag Archives: ALTA

RynohLive Named One of ALTA’s ‘Elite Providers’

RynohLive, a Virginia Beach-based patented financial management and fraud prevention system for title agents, as recently named an Elite Provider by the American Land Title Association (ALTA).

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Wells Fargo Endorses ALTA’s Best Practices Guidelines

Wells Fargo announced its support of the American Land Title Association's (ALTA) Best Practices in its Settlement Agent Communications issued March 6, 2014. The lender said the Best Practice guidelines for sound business practices should ideally already be in place for businesses providing title and closing services for its customers.

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Title Insurance Premiums Rise 14% in Third Quarter

Title insurance premium volume rose 14 percent during the third quarter of 2013 when compared to the same period a year ago, according to the American Land Title Association (ALTA). Based on the national trade group's market share analysis for Q3, the title insurance industry generated $3.4 billion in premiums over the July-to-September period, compared to $3.0 billion in the third quarter of 2012.

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ALTA Awards National Title Professional Designations

The American Land Title Association (ALTA) awarded three National Title Professional designations on Tuesday. The professional designation was received by Paula Bachmeier of Minot Guaranty and Escrow Company in Minot, North Dakota; Nancy Landmark of Commercial Partners Title in Minneapolis, Minnesota; and Gregory Wolff of Fidelity National Title Company in Colorado Springs, Colorado.

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Fitch: U.S. RMBS Delinquencies Improve in Q4

Serious delinquencies for U.S. RMBS improved across all sectors in the fourth quarter of 2012, according to a new mortgage market index from Fitch Ratings. Furthermore, the agency expects RMBS delinquencies to continue declining this year. According to Fitch, the improvement ""reflects positive selection in the remaining pools, loan modification efforts by servicers, and positive home price trends.""

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Subprime Servicers Improve Cash Flow in Q2: Report

Overall, major subprime servicers improved their ability to limit losses on delinquent loans in the second quarter, according to the Servicer Dashboard report from Moody's Investors Service. Moody's uses a cash flow efficiency metric to measure how much cash a servicer collects relative to losses. The report revealed that the cash flow efficiency metric increased for subprime servicers, rising from 0.27 in Q1 to 0.29 in Q2, the highest level obtained over the past five quarters.

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SEC Charges Former GSE Execs with Securities Fraud

Six former executives at Fannie Mae and Freddie Mac are now facing securities fraud charges for making misleading statements about the companies' holdings of subprime loans between March 2007 and August 2008. The Securities and Exchange Commission (SEC) alleges they fed the markets false information about the amount of risk on each company's books. Both GSEs entered into non-prosecution agreements with the SEC and have agreed to cooperate in the litigation against their former executives.

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