...quarter, according to a press release issued by the company on Tuesday. The majority of the staff reductions will take place within the title insurance and services segment and will...
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Accredited Home Lenders Closes Two Texas Locations
...Commission last week. According to the filing, Accredited is laying off approximately 130 Texas employees and closing facilities in Irving and Austin, Texas. The Irving location is an insurance facility...
Read More »President Bush Reaches Out to Struggling Homeowners
...their homes."" The president's announcement drew praise from the ""National Association of Realtors (NAR)"":http://www.realtor.org/press_room/news_releases/2007/nar_president_issues_statement_on.html. ""The proposed changes will allow more people to refinance with FHA insurance, like those that have...
Read More »Florida Foreclosures Affect Every Income Bracket
...Florida-based ""Attorneys' Title Insurance Fund's"":http://www.thefund.com (ATIF) Consumer Education Campaign, polled 1,415 homeowners throughout the state in June. According to an ATIF press release, the foreclosures aren't tied to one specific...
Read More »Foreclosures & The Multiplier Effect
...choices now include conforming, 30-year, fixed-rate loans; self-amortizing ARMs and loans backed with FHA, VA or private mortgage insurance (MI). What's out are the toxic mortgage products which have flooded...
Read More »LandAmerica Announces 1,100 Job Cuts
...insurance subsidiaries,"" said Chairman and Chief Executive Officer Theodore L. Chandler Jr. ""In these difficult times, we are committed to continuing to execute on our strategic plan, including maximizing operating...
Read More »Accredited Home Lenders Halts Retail Lending
...wholesale divisions, and making serious reductions within its headquarters and insurance division. While the retail end of the business is effectively shutting down, Accredited says its Canadian operations and servicing...
Read More »Consumer Groups Push for Subprime Legislation in California
...in their homes Banning subprime prepayment penalties Establishing a legislative ability-to-repay standard, with income verification and impound accounts for taxes and insurance Cracking down on broker abuses by establishing stronger...
Read More »Stewart Title Names Harold Hayes SVP, President
""Stewart Information Services Corp."":http://www.stewarttitle.com, a provider of title insurance and real estate information services, has named Harold C. Hayes senior vice president, region manager for ""Stewart Title Guaranty Co."":http://www.stewarttitle.com and...
Read More »MBA Urges Federal Reserve to use HOEPA Authority Objectively
...for lenders in need of flexibility to better serve consumers. The association also offered responses to several specific questions on topics such as prepayment penalties, tax and insurance escrow, stated-income...
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