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Author Archives: Kerri Panchuk

Mass. Foreclosure Deeds on the Rise Again

The state of Massachusetts continued to experience an increase in foreclosure deeds during the month of May, according to a new report from The Warren Group, which also is publisher of Banker & Tradesman.

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LandAmerica Combines Underwriting Subsidiaries

Richmond, Virginia-based LandAmerica Financial Group, Inc., said Monday that in an effort to unify the company, the real estate transaction services provider has decided to merge its Transnation Title Insurance Co.

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Securities Lawsuit Filed Against First American

First American Corp. is facing a class action lawsuit that alleges the company violated the Securities Exchange Act of 1934 by dispensing material misrepresentations to the market causing market prices to artificially inflate, according to a statement issued by Oklahoma City-based Federman & Sherwood, the law firm filing the suit.

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California Median Home Sale Price Drops 35.3-Percent

A new report from the California Association of Realtors (C.A.R.) reveals that home sales in the state experienced a positive 18.1-percent increase in May when compared to the same period a year ago, but home price declines persisted with the median price of a home now 35.

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Washington Governor Fines Countrywide

The same day that Countrywide Financial Corp. was slapped with lawsuits filed by two State Attorney Generals, Washington State Governor Chris Gregoire announced that her state plans to issue a $1 million fine against Countrywide for preying on minority borrowers, while also attempting to revoke the company’s license to conduct business in the Northwestern state.

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FIS Honors Mackie, Wolf & Zientz

FIS Foreclosure Solutions, Inc., a division of FIS Default Solutions, recently named law firm Mackie, Wolf & Zientz, P.C. Rookie of the Year for 2008. The Dallas-based law firm opened in late 2006 with the intent of offering comprehensive default legal services to the residential mortgage servicing sector.

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Housing Bill Stalls in Senate

An anticipated final vote on a Senate Housing Bill that would provide an additional $300 billion for the support of more FHA-insured mortgage loans may not occur for several weeks, Bloomberg news quoted U.

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