Personal Stories and Other Significant News

ALTA released some title insurance stats for the industry.

Posted on Monday, April 04, 2011

In terms of market share, Fidelity held about 38% of the market in 2010, First American had about 27%, Stewart 14%, and Old Republic clocked in at 11%. The rest was held by regional underwriters. The release can be found at ALTAShare [http://r20.rs6.net/tn.jsp?llr=zy6u9cdab&et=1105015193164&s=6013...

Title Insurance Premiums Written Rise Slightly in 2010

Posted on Monday, April 04, 2011

Title insurance premiums increased slightly in 2010 compared to the previous year, according to the American Land Title Association’s preliminary 2010 Year-end and Fourth-Quarter Market Share Analysis. According to the report, the title insurance industry generated $9.61 billion in title insura...

Before foreclosure was complete,

Posted on Monday, April 04, 2011

Lauderhill couple say Chase locked them out of their house John Ferrari came home after work one night to find the locks on his Lauderhill home changed and a sign on the window declaring that the property was being managed by Chase Home LLC. Ferrari and his wife, Lisa, knew their house was to be ...

The Real Estate Collapse? It’ll Be in the Final

Posted on Friday, December 17, 2010

In 2008, when most Americans were fleeing the real estate market, David Mann was charging toward it. After selling a clothing manufacturing company in Manhattan that he had helped run, Mr. Mann, 32, decided to pursue a master’s degree in real estate development. Last May he graduated from the Sc...

Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses

Posted on Tuesday, December 14, 2010

As the economy continues to hurt working families, and Congress takes its orders from corporate America, many people are asking: where's the progressive protest movement that will galvanize public attention, challenge the undue influence of the Tea Party, and focus public anger on big business? T...

Economic recovery leaving some behind this Christmas

Posted on Monday, December 13, 2010

A new division is emerging in America between those who have moved on from the recession and those still caught in its grip. This holiday season, those two worlds have been thrown into stark relief: At Tiffany's, executives report that sales of their most expensive merchandise have grown by double...

Number Of Adult Americans Living With Their Parents Has Exploded

Posted on Monday, December 13, 2010

Empty nest parents, be warned: the number of adults aged 25 to 34 who are living with their parents has exploded, according to this rather shocking chart put together by economist Tom Lawler and posted on Calculated Risk. Earlier this year, a study published in the journal Transitions to Adulthood ...

Fla. Woman’s 25-Year Mortgage Foreclosure Battle a Cautionary Tale for Lenders

Posted on Friday, December 10, 2010

During the 25 years that Patsy Campbell has been fighting a mortgage foreclosure case on her Florida home she has outlasted six lenders and seen seven great-grandchildren born. She last made a mortgage payment on her Okeechobee County home in 1985, reports the Wall Street Journal (sub. req.). ...

Homeowners Wrongfully Foreclosed Upon Go Through Legal Wringer

Posted on Thursday, December 09, 2010

Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. marshal's sedan was peeling out of his driveway. Nailed to Marconi's front door was a foreclosure summons from Wells Fargo, naming him as a defendant. ...

Happy Ending to a Raw, but Common, Tale

Posted on Wednesday, December 08, 2010

Lilla Roberts is a 73-year-old retired physical therapist, a pleasant, engaging woman who moved to this country from Jamaica 46 years ago. In 1988, she bought a small house in Jamaica, Queens, putting down $25,000, and taking out a mortgage for around $120,000. For many years, she religiously made...

Buyers Show Growing Interest in Tiny Houses

Posted on Tuesday, December 07, 2010

The tightly built, tiny home is one small segment — no pun intended — of real estate sales that is doing relatively well. For instance, the Tumbleweed Tiny House Co., which designs and builds homes that are less than 500 square feet, has gone from selling 10 blueprints to 50 blueprints a year. Th...

Calls to Homeownership HOPE Hotline Down 14 Percent

Posted on Friday, December 03, 2010

The Homeownership Preservation Foundation (HPF) released on Tuesday reports of a 14.2 percent decrease in calls to its Homeowners’ HOPE Hotline. The hotline (1-888-995-HOPE) provides free, comprehensive homeownership education and foreclosure prevention counseling. In October the hotline receiv...

When Finding an Apartment Is Only Half the Battle

Posted on Wednesday, December 01, 2010

In New York City real estate, there are few titles more thankless than guarantor. But they are needed by many. People who do not make enough to afford their paycheck-devouring rents must find a wealthy relative, a benevolent family friend or perhaps a kidnapped and hypnotized multimillionaire to s...

Condo associations get creative in punishing delinquencies

Posted on Wednesday, December 01, 2010

Fed up with the increasing number of slow-paying homeowners, condominium and homeowners associations across South Florida have become aggressive — critics say too aggressive — in their attempts to collect late fees. Boards have unveiled a variety of strategies to pressure owners to pay up. Tactics ...

J.D. Power and Associates Survey Shows Borrower Satisfaction Declining

Posted on Wednesday, December 01, 2010

A study released Thursday by J.D. Power and Associates shows that the time from submission of a mortgage application to approval time has increased by more than a week from the time for approval last year. In 2009 the average time for approval was 20 days. This year the average is 27.5 days. I...

Prominent foreclosure defense attorney faces losing his own home

Posted on Wednesday, December 01, 2010

Peter Ticktin, the South Florida attorney who has received national attention as a foreclosure defense expert, has something in common with his clients: He is fighting the bank to keep his house. Deutsche Bank National began foreclosure proceedings on Ticktin's Boca Raton home in 2007 after the l...

After a Landlord Dispute, Finding a New Home

Posted on Wednesday, December 01, 2010

Last June, Zaida Paris-Mendez was at the beauty salon when a neighbor called to tell her that people were moving things out of her apartment. She knew immediately that the landlord was trying to evict her, her husband and their two children from their $700-a-month rent-controlled apartment in Wi...

Food stamp fraud sweep nets 62

Posted on Wednesday, December 01, 2010

More than 60 welfare recipients in Palm Beach County have been rounded up in what authorities dubbed Operation Easy Money. The arrests follow an 18-month investigation in which public assistance recipients are alleged to have obtained cash from government-issued electronic benefit transfer cards,...

Discussed at a Recent FNMA/Freddie Outreach About MHA...

Posted on Tuesday, February 02, 2010

There is a daily exchange between the Treasury and FNMA as administrator of MHA, in particular the FNMA group dedicated to servicing, vis-à-vis a 9 AM conference call that typically lasts about an hour. FHA has it’s own separate HAMP program. Lenders and servicers also have their own current loss ...

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