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Here Comes the Big Dog

by | Jul 30, 2010 | Closing, FNMA /Fannie Mae, Government Oversite, RESPA, Title Insurance

The Consumer Financial Protection Bureau, the Big Dog of oversight for the Real Estate Industries including mortgage bankers, appraisers, real estate agents and title companies, will soon be put into practice. Under the new law, Tim Geithner will set a “transfer...

A New PACE Lien for Abstractors

by | Jul 29, 2010 | Abstracting/Searching, ALTA, Closing, Education, Government Oversite, Land Title Technical Stuff, Must Read and See, Taxes, Title Insurance

Good Catch ALTA!  Another new lien has been introduced by the Federal Housing Finance Agency that could impact our title searches, abstracting, closing and title insurance policies. But what type of lien? We don’t know – perhaps a mortgage type lien, or...

Title Insurers Financial Outlook Improves

by | Jul 23, 2010 | Fidelity National Title, Old Republic National Title, Title Insurance

Better than expected and much welcome news in the Financial area today for the Title Insurance industry. News reports show Old Republic Turns To Profit In Q2  More at RTTnews Reports also show National Financial, Inc. Beats Analyst Expectations; FNF More at...

Familiar Minnesota Title Company Owner Charged in Theft of Escrow Funds

by | Jul 21, 2010 | Closing, Education, Fraud, Government Oversite, Licensing, Title Insurance

Linda Tuttle-Olson, owner of Albert Lea Abstract Company was charged this week with 13 felony counts in a theft that has left at least a dozen victims out more than $1 million. Most of those victims had placed tens of thousands of dollars in escrow accounts overseen...

Stewart Title Charged in Aiding Theft of Agent

by | Jul 21, 2010 | Closing, Education, Fraud, Stewart title

Good, solid Title Underwriters continue to pay the price for poor agent handling during busy times. When the market was overwhelmed with business, many title underwriters signed as many title insurance agents as they could find, and the result was those agents were...
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