insuring the full value of proposed construction

I always enjoy working with a consumer who is savvy, reads the stuff we send to them and asks lots of questions.  This week I had the pleasure of working with an attorney whose title insurance order for a new construction transaction is being processed by our office.

She carefully reviewed the title insurance commitment. She requested copies of the documents underlying the exceptions.  She

consumers suffering in the wake of the crappy standards era

Roy, a truck driver, and Sheila, a former hotel housekeeping supervisor, knew their new loan from Wells Fargo would enable them to save $198.86 a month - a nice chunk to help with gas and groceries.


But what the Bowers never imagined was that their old loan, the one Wells Fargo told them was paid off, would resurrect itself, trashing their credit report, scotching their son's student loans

"government sponsored enemies" ????

“These government-sponsored enemies in the case of Freddie Mac and Fannie Mae are a large reason our housing crisis has occurred,” said Romney, who stood on a podium in front of a home that once belonged to Chris and Bridgette Davis, who saw their home foreclosed on in June 2011, according to public records.

“I am running against a guy in this primary, who was out working for one of these

on the Countrywide VIP program

Cummings also revealed an internal email at Countrywide from Brandt that alleges Mozilo's role in approving McKeon's loan.



"Per Angelo — 'take off 1 point, no garbage fees, approve the loan and make it a no doc,'" Brandt wrote to staff, according to Cummings' letter.



Read more on Housing Wire.



I have to say my gut reaction to this program and how it worked has always been that Angelo

query: error on the HUD-1 fraud

Hmmm....  This isn't real clear but since you mention fraud, first consider if you have suffered a loss as a result of the fraud.  If so, you may have a claim against your title insurer.

If your concern is making things right and perhaps just reporting a bad guy, do a certified letter to the title insurance company with copies to the state insurance regulator, the state attorney general and the

the important question is...

How could a title agent, even one who is an attorney, get away with this crap without being discovered by his underwriter in routine audits?  I think the underwriter ought to be held accountable for the negligence of not having kept a close eye on an agent.  Failed to record 3000 documents?  That didn't happen overnight.

Jonas, as an owner of two title companies, failed to record more than

CFPB examines high risk lending

If a lender offers non-traditional or subprime loan products and also offers loans that have two or more risky characteristics, the examiners must determine whether the increased risks are taken into account as part of the underwriting policies. They must also examine whether any mitigating factors are required for approval and whether actual underwriting practices conform with policies.

Who is the lender named on the HUD-1 form?

First I think we need to recognize that the primary purpose of the HUD-1 is consumer disclosure.

Until yesterday, every HUD-1 I have ever produced disclosed the name and address of the mortgage lender named in the NOTE and MORTGAGE.  Simple.

Yesterday, we had a transaction with a retail lender who was working with a wholesaler who called themselves a warehouse lender but really acted like a

lingo for a non-borrower co-mortgagor

This is the language we add in mortgages when there is a vested owner who is not a borrower on the loan:

The co-mortgagor, _____, has an ownership interest in the real property described herein and has joined in this Security Instrument for the sole purpose of validating the lien.  Said co-mortgagor is NOT a Borrower on the Promissory Note referenced in this Instrument and his joinder in this