I always enjoy working with a consumer who is savvy, reads the stuff we send to them and asks lots of questions. This week I had the pleasure of working with an attorney whose title insurance order for a new construction transaction is being processed by our office.She carefully reviewed the title insurance commitment. She requested copies of the documents underlying the exceptions. She...
consumers suffering in the wake of the crappy standards era
Roy, a truck driver, and Sheila, a former hotel housekeeping supervisor, knew their new loan from Wells Fargo would enable them to save $198.86 a month - a nice chunk to help with gas and groceries.But what the Bowers never imagined was that their old loan, the one Wells Fargo told them was paid off, would resurrect itself, trashing their credit report, scotching their son's student loans...
"government sponsored enemies" ????
“These government-sponsored enemies in the case of Freddie Mac and Fannie Mae are a large reason our housing crisis has occurred,” said Romney, who stood on a podium in front of a home that once belonged to Chris and Bridgette Davis, who saw their home foreclosed on in June 2011, according to public records.“I am running against a guy in this primary, who was out working for one of these...
A blog every insurance agent in Massachusetts should be reading
My colleagues over at ForbesGallagher have a very informative and frequently updated blog, Agency Checklists, aimed at Massachusetts insurance agents. One of the recent articles discusses upcoming changes to the statutorily-mandated commissions that auto insurers pay to agents. Another article describes a recent requirement that homeowner's insurers offer coverage for oil leaks in some circumstanc...
on the Countrywide VIP program
Cummings also revealed an internal email at Countrywide from Brandt that alleges Mozilo's role in approving McKeon's loan."Per Angelo — 'take off 1 point, no garbage fees, approve the loan and make it a no doc,'" Brandt wrote to staff, according to Cummings' letter.Read more on Housing Wire.I have to say my gut reaction to this program and how it worked has always been that Angelo...
query: error on the HUD-1 fraud
Hmmm.... This isn't real clear but since you mention fraud, first consider if you have suffered a loss as a result of the fraud. If so, you may have a claim against your title insurer.If your concern is making things right and perhaps just reporting a bad guy, do a certified letter to the title insurance company with copies to the state insurance regulator, the state attorney general and ...
Upcoming changes to insurance law
Van Mayhall at Insurance Regulatory Law has posted an informative article on upcoming federal and state changes to liability insurance regulatio...
U.S. District Court finds coverage for Pring-Wilson under umbrella policy but not homeowner's policy
I have posted previously here and here about the declaratory judgment action over insurance coverage issues in the civil wrongful death case against Alexander Pring-Wilson. Pring-Wilson was a Harvard graduate student who was in a drunken street fight with Michael Colono, resulting in Colono's death. Pring-Wilson pleaded guilty to involuntary manslaughter. Colono's estate filed a civil wrongful death suit against him, resulting...
Subscribe to:
Posts (Atom)
