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.
Posted via email from Title Insurance Posted on26 August 2010. Tags: aig, amended, American Land Title, bank of america, CCO Mortgage Corporation, complaint, Corinthian Mtg, countrywide, CRE Finance Council f/k/a Commercial Mortgage Securities Association, DJS Processing, Everhome, fannie mae, first american title, Freddie Mac, GMAC, Guaranty Bank, HSBC, Ignacio Damian Figueroa vs. David J. Stern, jpmorgan chase & co, Kenneth Eric Trent, Kenneth Eric Trent PA, law offices of david J. stern plantation florida 33324, Merrill Lynch, MERS, MERSCORP, MGIC Investor Svc, mortgage bankers association, Nationwide Advantage, Norwest, PMI Mortgage Insurance Company, racketeering, RICO, shareholders, Stewart Title, SunTrust Mortgage, wamu, wells fargo, Wells Fargo & Company 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
______________________ © 2010 FORECLOSURE FRAUD | by DinSFLA. All rights reserved. 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. Posted via email from Title Insurance N.J. regulator finds conflict between RESPA, state disclosure requirements Thomas Considine, commissioner of New Jersey’s Department of Banking and Insurance notified lenders and title agents that RESPA’s new disclosure requirements do not comply with state law. He stated that the department will recommend future amendments to state law to conform to the federal regulations, but until then, industry members are still to comply with both federal and state laws. Read on to find out how this can be done. (8/23/2010) The Department of Banking and Insurance commissioner in New Jersey issued a bulletin on Aug. 2 to clarify fee disclosure requirements under New Jersey law while maintaining compliance with the new Good Faith Estimate (GFE) and HUD-1 Settlement Statement forms. Under Bulletin No. 10-17, Commissioner Thomas Considine said the new RESPA forms that became effective on Jan. 1 as part of the Department of Housing and Urban Development’s (HUD) final rule are not consistent with what is required for fee disclosures under the New Jersey Administrative Code. Art Oswald Learntitle.com, LLC dba CyberLearnPro.com 551 404 5341 The richest man is not the one with the most stuff – it is the one with a satisfied mind. Posted via email from Title Insurance
Continuing Ed for Title Agents
CLASS ACTION AMENDED against MERSCORP (MERS) to include Shareholders |
CLASS ACTION AMENDED against MERSCORP to include Shareholders, DJSP
Related article:
CLASS ACTION FILED| Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP, Inc.
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Continuing Ed for Title Agents
Conflict between New Jersey and Respa disclosure requirements
Continuing Ed for Title Agents
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