...most national title insurance companies have difficulty establishing uniform underwriting practices with respect to the assignment issue and can often fail to recognize important distinctions regarding state-specific legal requirements. Michigan...
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Former Wells Fargo Executive, Patrick Carey, Joins Titanium Holdings as CEO
...claims, property preservation, default reporting, and REO. Carey has also held executive positions at UNUM Life Insurance Company of America, First Card Corporation, and JPMorgan Chase. Regarding the appointment, Carey...
Read More »UPDATE: Industry Responds to Final Passage of Foreclosure Prevention Act
...tax credit with FHA's multi-family insurance programs will help spur the development of more affordable housing. The bill also contains important tax incentives designed to encourage home buyers to get...
Read More »UPDATE: Senate Passes Foreclosure Prevention Act, Bush Expected to Sign Soon
...of the bill. According to ""CNNmoney.com"":javascript:void(0);/*1217271529299*/, Dodd plans to meet with members of the Treasury, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Department of Housing and...
Read More »Customers Grow Frustrated with IndyMac, Access to Accounts Frozen
Despite the assurances of ""Federal Deposit Insurance Corporation (FDIC) chairperson Sheila C. Bair"":javascript:void(0);/*1216244951121*/ on Monday that ""for most insured depositors, IndyMac's conversion has been largely a nonevent"" and ""the more...
Read More »IndyMac Reopens Under Federal Control, Halts Foreclosures
...control of the ""Federal Deposit Insurance Corporation (FDIC)"":javascript:void(0);/*1216152137365*/. As such, the bank will now go by the name of IndyMac Federal Bank. Despite the scare that the closing of IndyMac...
Read More »Fed Finalizes Final Amendment to HOEPA
...four years. Also, a prepayment penalty period cannot last for more than two years. - Require creditors to establish escrow accounts for property taxes and homeowner's insurance for all first-lien...
Read More »PMI Releases Mid-Year Update
...of its primary U.S. Mortgage insurance company. This development comes on the heels of the news that broke on Monday where ""Moody's Investors Service "":http://www.moodys.comlowered PMI Mortgage Insurance Co. (PMI...
Read More »As Stocks of Fannie Mae and Freddie Mac Plunge, Rumors of Government Takeover Sw
...causes larger losses as the prices of these homes fall further as the homes fall into disrepair. ""Moreover, this approach reduces the ability of the GSEs to make insurance claims...
Read More »HUD Secretary Discusses FHASecure and Pending Legislation
...Preston also expressed concern over potential actions of Congress which would affect the FHA program, such as requiring them to accept mortgage insurance loans with seller-funded down payment assistance and...
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