The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 23, 2010. The Market Composite Index, a measure of mortgage loan application volume decreased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.9 percent compared with the previous week.

New Jersey Title Industry has a new group on Linkedin. Visit Let’s Talk NJ Title at http://www.linkedin.com/groups?trk=hb_side_g&gid=2974886

Currently there are two threads: one concerning Foreclosures and one discussing the current market in New Jersey.

Free classifieds for the Title Industry

Posted via email from Title Insurance
Continuing Ed for Title Agents

Main

ABA’s in the title industry

April 17, 2010 admin

He called to see if we were interested in acquiring new business. Well what small independant title agent is not interested in acquiring new business?

His first question to me was "do you have the forms necessary to form an ABA?" I responded that we did not and that I was not interested in forming an ABA. He then took on quite an attitude with me! He stated that he has been averaging 900 deals a year and that he was looking for a new title agent and queried why I was not willing to pay him for referrals. RESPA clearly states that it is not legal for a title agent to provide anything of value in exchange for a referral. I can only hope that his current title agent is not "paying him" for his referrals.

Continuing Education for Title Agents

Free classifieds for the Title Industry