American Land Title Association News
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Jessica McEwen was hired as director of government affairs for the group representing U.S. title insurers.
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Title insurers are in talks with banks and regulators to obtain warranties from lenders assuring they followed proper procedures before selling foreclosed homes, said Kurt Pfotenhauer , head of the insurers’ trade group.
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U.S. courts are clogged with a record number of foreclosures . Next, they may be jammed with suits contesting property rights as procedural mistakes in those cases cloud titles establishing ownership.
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A Massachusetts man who bought property in a faulty foreclosure sale isn’t the true owner and so doesn’t have the right to sue over it, the state’s high court ruled.
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Bank of America Corp. is among a group of lenders that may face a wave of new lawsuits claiming cash-strapped counties were cheated out of millions of dollars by a system used for more than a decade to register mortgages.
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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.
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Fidelity National Financial Inc. , the largest U.S. title insurer, canceled a requirement for lenders to guarantee proper foreclosure procedures amid “heightened review” processes by banks.
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Fidelity National Financial Inc. , the title insurer that called the industry an “oligopoly,” agreed to sell assets in Oregon and Michigan to settle a regulatory review into anticompetitive practices.
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When Tom Strange, a retired computer engineer in Henderson, Nevada, refinanced his mortgage last year, he rejected the $1,870 title insurance offered by his mortgage broker. Searching online, he cut the cost by half.
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Fidelity National Financial Inc., the largest U.S. title insurer by market share, had a fifth straight quarterly profit as it posted a gain on an asset sale and mortgage rates improved.
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