Refinancing your home is about to get more expensive. This is why
If there's one part of the economy that is doing well, it's the mortgage industry. Record low mortgage rates are driving so many people to refinance that the housing market is on track to see $2 trillion in refinances in 2020, second only to 2003, according to the Mortgage Bankers Association. But beginning December 1, refinancing will likely cost homeowners more. Fannie Mae and Freddie Mac will charge a new -- and hotly contested -- "adverse market fee" on refinanced mortgages.
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COVID-19: Real Estate - A 50-State Guide to COVID-19 Property Policies and Regulations - November 2020 #3
The global COVID-19 outbreak has encouraged widespread orders to protect renters and owners of commercial and residential real property. In this 50 state-by-state survey we offer a summary of cities and states that have enacted policies or implemented moratoriums for evictions or foreclosures due to COVID-19.
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No Coverage Under E&O Policy for Insured's Loss of Funds Sent Pursuant to Fraudulent Instructions
The United States District Court for the District of New Jersey, applying New Jersey law, has held that an insurer does not need to cover more than $480,000 that an insured transferred pursuant to fraudulent instructions. The court determined that the circumstances implicated an exclusion that precluded coverage for loss that arose out of the theft or misappropriation of funds.
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Chicago Title acquires Minneapolis' Commercial Partners Title
Chicago Title, a member of the Fidelity National Financial family of companies, has acquired Commercial Partners Title in Minneapolis. "This purchase was a strategic acquisition for us", said John Wunderlich, executive vice president of Chicago Title. "Chicago Title's commercial footprint in Minnesota primarily involves national customers doing business in Minneapolis. Commercial Partners has a dominant position in the local Minneapolis marketplace.
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Jane Young: How to protect yourself against title theft
There is a common assumption that title lock services offer insurance to protect property owners against title theft. Title lock services are not insurance and do not put a lock on your title; instead they provide a monitoring service. They will notify you if your title has been transferred out of your name. They do not prevent the fraud - they send you an e-mail after the fraud has occurred.
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