Mortgage Insight: Views Of The GFE 2010 or Did They Say GOOD Faith Estimate?

I suppose that depending on your position in the process of obtaining a mortgage there are many views that one can take with regard to the new Good Faith Estimate that came into effect 1/1/10. I thought it might be interesting to look at this excercise through the eyes of the different role players in this mortgage game.

Posted via web from Title Insurance
Continuing Ed for Title Agents

Pennsylvania Class Action Lawsuit Against Commonwealth Title Insurance Moves Forward

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.

Ted C. Jones, Talks to Area Development Online

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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