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Alleged Evidence Against Basketball Star Damning in Indiana Escrow Theft Case
February 08 2010 (subscription) | |
If the allegations made by Allen County Indiana prosecutors are true, former Indiana University basketballer Todd Leary has a lot of explaining to do regarding his role in the disappearance of over $2.7 million in funds that was supposed to be used to pay off the mortgages of 15 Fort Wayne Indiana homebuyers and refinancers.
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Property Flips Are Coming Back
February 08 2010 (subscription) | |
With the very high number of foreclosures, there are a lot of good deal to be had by investors looking to make a quick profit from flipping a home. However, if the buyer is using FHA financing, the investor had to hold the property for at least 90 days before he could flip it. That has changed with a new announcement from HUD.
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Model Notary Act of 2010 Establishes New Standards Of Care For Office Of Notary Public
February 08 2010 | |
Amid important legal cases involving Notaries, and with liability and compliance issues becoming a major concern for businesses and governments, the National Notary Association has published a much-anticipated revision of its Model Notary Act — the landmark model that, for 40 years, has grown in importance as a guide for lawmakers to improve standards of care for Notaries.
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Ex-Basketball Star Arrested for Allegedly Pocketing Escrow Funds
February 05 2010 | |
Todd C. Leary, a former Indiana University basketball player who played on a team that advanced to the NCAA Final Four in 1992, was arrested and booked into a Fort Wayne, Indiana jail Thursday night on charges that he was involved in a scheme to misappropriate over a million dollars of funds that were supposed to be held in escrow.
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Colorado Seeks to Regulate Appraisal Management Companies
February 04 2010 (subscription) | |
A recent article on Source of Title, Abstractors Should Be Watching New Legislation Regulating the Appraisal Industry, examined the appraisers accomplishments in seeking protections from the practices of appraisal management companies (AMC) at the federal level. But some aren't waiting for federal legislation. The Colorado senate has introduced a bill that would protect appraisers' rights to prompt payment and full disclosure of the fees charged by middlemen, among other protections.
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Report: Mortgage Delinquency Rate Surpasses 10%
February 04 2010 | |
A report released yesterday shows that delinquency rates on U.S. mortgages surpassed 10% at the end of 2009-- the highest level of delinquency so far in the housing recession.
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Fidelity National Financial Returns to Profitability
February 04 2010 | |
Fidelity National Financial, the largest title insurer in the United States, posted its fourth quarter and annual results yesterday, showing quarterly and annual profits that reversed losses of a year ago.
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Originations of Commercial and Multifamily Mortgages Increased in Fourth Quarter 2009
February 03 2010 | |
Fourth quarter 2009 commercial and multifamily mortgage loan originations were 12 percent higher than during the same period last year and 15 percent higher than during the third quarter of 2009, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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Feds Charge Maryland Title Company Owner with Fraud
February 02 2010 | |
Federal officials have charged mortgage broker David Wehrs, Sr., age 54, of Annapolis, Maryland, with wire fraud in connection with a scheme to defraud investors and financial institutions of approximately $2.3 million.
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Stewart Announces New Executive Appointments
February 01 2010 | |
Robert Reeder has been named vice president, national business development at Stewart National Title Services in Atlanta, Georgia; and Linda St. Clair has been named vice president, strategic account manager for Stewart Lender Services.
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Florida Ponders Title Insurance Reform
February 01 2010 (subscription) | |
A catastrophic decline in housing prices in Florida has turned the attention of state legislators towards all aspects of the real estate industry-- including title insurance. At issue are statutory title insurance pricing rules which have frozen rates since 1992, and a regulatory framework which has split oversight of the title industry between two agencies.
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