Monthly Archives: August 2010

Title Insurance Issues

Insurance News – Former Title Insurance Agent Sentenced for Embezzlement

Former Title Insurance Agent Sentenced for EmbezzlementAugust 26, 2010 | Targeted News Service Email Print Free Newsletter WASHINGTON, Aug. 24 — The U.S. Attorney for the Middle District of Pennsylvania issued the following news release:The United States Attorneys Office announced today that Ellery A. Crissman, age 45, presently resides in Lock Haven, Pennsylvania received a sentence of 57 months imprisonment and three years supervised release on the charge of embezzlement from a title insurance business. Senior District County Judge Malcolm Muir imposed the sentence in Williamsport following Crissmans plea of guilty to the embezzlement violation on September 3, 2009. Judge Muir also ordered him to pay $1,562,257.67 in restitution to over 50 victims of the embezzlement.

via Insurance News – Former Title Insurance Agent Sentenced for Embezzlement.

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– Interview – Rebecca Quick of CNBC and Tim Dwyer of Entitle Direct

REBECCA QUICK, CNBC ANCHOR: Joining us right now with a rundown of the closing cost rankings of his outlook is Tim Dwyer. He`s the founder and President of title insurance firm, Entitle Direct.

And Tim, closing costs have not been dropping like we`ve seen mortgage rates. Why is that?

TIM DWYER, PRESIDENT, ENTITLE DIRECT: It`s counterintuitive, isn`t it?

QUICK: Yes.

DWYER: Well, in fact, closing costs have been falling. The bank rates started (ph) that came out last actually did estimate indeed that an increase of 37 percent in closing costs were a purchase transaction.

via findarticles.com

Posted via email from Title Insurance
Continuing Ed for Title Agents

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CLASS ACTION AMENDED against MERSCORP (MERS) to include Shareholders |

CLASS ACTION AMENDED against MERSCORP to include Shareholders, DJSP

Posted on26 August 2010. Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

CLASS ACTION AMENDED against MERSCORP to include Shareholders, DJSP

Kenneth Eric Trent, P.A. of Broward County has amended the Class Action complaint Figueroa v. MERSCORP, Inc. et al filed on July 26, 2010 in the Southern District of Florida.

Included in the amended complaint is MERS shareholders HSBC, JPMorgan Chase & Co., Wells Fargo & Company, AIG, Fannie Mae, Freddie Mac, WAMU, Countrywide, GMAC, Guaranty Bank, Merrill Lynch, Mortgage Bankers Association (MBA), Norwest, Bank of America, Everhome, American Land Title, First American Title, Corinthian Mtg, MGIC Investor Svc, Nationwide Advantage, Stewart Title,  CRE Finance Council f/k/a Commercial Mortgage Securities Association, Suntrust Mortgage,  CCO Mortgage Corporation, PMI Mortgage Insurance Company, Wells Fargo and also DJS Processing which is owned by David J. Stern.

MERSCORP shareholders…HERE

Related article:

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CLASS ACTION FILED| Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP, Inc.

© 2010 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

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via stopforeclosurefraud.com

This is an interesting case out of Florida alleging MERS violated the RICO statute. If this suit is successful, it will have significant ramifications in other states.

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Continuing Ed for Title Agents

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