The law firm representing members of a class action against Commonwealth Land Title in Pennsylvania made public announcement of the lawsuit yesterday. The lawsuit alleges that Commonwealth charged Pennsylvania homeowners a full rate for refinance and reissue title insurance policies for which the homeowners were entitled to a discount.The class action, A.D. Alberton and Mark C. Kessler v. Commonwealth Land Title, was conditionally approved by a Pennsylvania court in 2008, and final approval to send out notice to class members was given by the court this March. Eligible members of the class action will automatically be a party to the lawsuit, but may choose to opt out.

via Pennsylvania Class Action Lawsuit Against Commonwealth Title Insurance Moves Forward.

What is the current state of the recession in the United States?
What we have right now is a wrong definition of recession. The current definition that Congress goes by is two or more consecutive quarters of decline in gross domestic product, but that doesn’t cover the pain factor. I think the new definition should be six or more consecutive months of decline in employment because I don’t see how you can ever have a jobless recovery.

Posted via web from Title Insurance
Continuing Ed for Title Agents

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Three months into the 2010 Good Faith Estimate…and We Still Have Issues | Rain City Guide

April 2, 2010 admin

We’ve had three months to work with the “new” good faith estimate designed by HUD. We had an even longer period of time to review this document, however in a mortgage originators defense, I will say that until you can use this GFE “in real practice”, you don’t truly know the nuances. With all the updates to the RESPA FAQs, I’ll argue that HUD’s in the same boat!

via raincityguide.com

Posted via web from Title Insurance
Continuing Ed for Title Agents