Today’s News 10-21-2010

21 Oct

Today’s news that may be of interest to you:

House Committee to Investigate Mortgage Servicing Problems
DSNews | October 20, 2010
The House Subcommittee on Housing and Community Opportunity will hold a hearing on the industry’s foreclosure paperwork errors when Congress reconvenes next month.

Beige Book Shows Modest Growth in Economy
HousingWire | October 20, 2010
The economy continued growing between September and early October but at a modest pace, according to the Federal Reserve.

HUD Secretary: Foreclosure Problems Not “Systemic”
HousingWire | October 20, 2010
Department of Housing and Urban Development Secretary Shaun Donovan said recent foreclosure problems at some mortgage servicers are not “systemic issues.”

Fidelity National to Require Banks to Sign Foreclosure Warranty
Bloomberg | October 20, 2010
Fidelity National Financial Inc., the largest U.S. title insurer by market share, will require lenders to sign a warranty assuring their paperwork is sound before backing sales of foreclosed homes.

Fannie Mae Sues Insurers Over Mortgage Loan Losses
BusinessWeek | October 20, 2010
Fannie Mae sued insurance companies, including Great American Financial Resources Inc. and The Travelers Cos., claiming they are responsible for losses on the $131 million Fannie Mae paid for fraudulent mortgage loans.

Regulator for Fannie Set to Get Litigious
The Wall Street Journal | October 21, 1010
The federal regulator overseeing Fannie Mae and Freddie Mac hired a law firm specializing in litigation as the agency considers how to move forward with efforts to recoup billions of dollars on soured mortgage-backed securities purchased from banks and Wall Street firms.

Niche Lawyers Spawned Housing Fracas
The Wall Street Journal | October 20, 2010
The paperwork mess muddying home foreclosures erupted last month. But the legal strategy behind it traces to a lawyer’s gambit in 2006 that has helped keep one couple in their home six years beyond their last mortgage payment.

The New Best Places to Retire
The Wall Street Journal | October 21, 2010
SmartMoney takes on the conventional wisdom about where to retire

From the National Association of Realtors®:

Reverse Mortgages Gain Popularity
Between 2005 and 2009,the number of federally-insured reverse mortgages jumped 166 percent as fees were reduced.

Where Do Most People Want to Live?
California tops the list of most desired state to live, according to The Harris Poll.

Play It Straight With Marketing Services Fees
Here are tips to avoid RESPA violations in setting fees for marketing services with preferred lenders and title companies.

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:   LinkedIn  

Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834

Please remember to choose Stewart Title of Spokane on your next transaction!


One response to “Today’s News 10-21-2010

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: