The Pennsylvania Superior Court has adopted a new paradigm for determining whether a policyholder can require its insurer to fund a settlement made without the insurer’s consent when the insurer has reserved the right to deny coverage.
via New paradigm for settlement when coverage is in doubt adopted in Pennsylvania – Lexology.
This bill is working its way through the legislature.
As passed, the bill would wind down Fannie Mae and Freddie Mac within five years, replace them with a “public utility” to oversee the creation and maintenance of a single platform for the private sale of mortgages and end all federal guarantees. It also would reduce the mortgage insurance coverage provided by the Federal Housing Administration to only 50% of the mortgage being insured and re-target the FHA to serve first-time and low-income homebuyers.
ABA Dodd-Frank Tracker: House Panel Approves Hensarling Housing Bill.
What do you think the impact will be if this bill passes?
The number of Americans who believe homeownership is a positive financial investment is on the rise, and a majority of renters now say homeownership is one of their highest priorities for the future — both indicators that the housing recovery may be taking off.
Outlook brightens in national housing survey: NAR | HousingWire.