FHA Moves to Risk-Based Premium

A recent study by the FHA has unearthed a big surprise – in 2007, lower-income borrowers had higher credit scores than higher-income borrowers. The analysis showed that borrowers with median incomes of $48,756 year had credit scores that were a better credit risk than...

Woman Sought after $3 Million Title Company Theft

The Hometown Annapolis newspaper reports that the Maryland insurance commissioner suspended the license of a local title company owner on May 29th, claiming the woman absconded with up to $3 million in mortgage settlements. The owner has not been seen since the...

MILITARY IN FORECLOSURE

Bloomberg recently said: In the midst of the worst surge in mortgage defaults in seven decades, foreclosures in U.S. towns where soldiers live are increasing at a pace almost four times the national average, according to data compiled by research firm RealtyTrac Inc....

Replat of Public Park – who owns it?

Betty from the DOT called today, asking about the widening of a road. As I understand it, the area next to the existing road that they want to widen was originally dedicated to the City for a Public Park on an 1880’s plat. More recently, there was a replat (i.e. a new...

Annual Abstracting Seminar

A small group(15 of us) gathered for two days last week to go through the annual MN “Principles of Abstracting, Searching and Land Records Management” seminar. Three County Recorders, one auditor-treaurer, one Indian Reservation, 3 abstractors, 2 IT...