News
Fannie & Fredie Help Unemployed with Mortgage Trouble
Beginning Feb 1, expand current maximum 6 month break on mortgage payments to 12 months for unemployed. More »
January 09, 2012 • --National--
Legal Alert! Michigan Supreme Court determines MERS can Foreclose
MERS Decision Reversed by Michigan Supreme Court More »
November 17, 2011 • Michigan
Submit your Input to HUD-1 Changes by Nov 16th
The Consumer Financial Protection Bureau is planning changes for the settlement disclosure form (HUD-1). Here is an opportunity to provide your input. More »
November 09, 2011 • --National--
Low Interest Rates, many do not qualify.
Housing Slump Hits New Mortgage Loans. More »
September 23, 2011 • --National--
ALTA 2011 Changes to Survey Standards
The 2011 Minimum Standard Detail Requirements for ATLA/ACSM Land Title Surveys, which took effect February 23, 2011, are accessible on our website. More »
August 30, 2011 • Florida
Electronic Recording: Reduce Risk & Save Time
Electronic Recording reduces processing time from 10 days to 30 seconds, significantly reducing the risk of intervening interests being recorded. More »
August 29, 2011 • --National--
Supreme Court - Riparian Rights May be Obtained through Adverse Possession
A great reminder that any interest in real property may be subject to a claim of adverse possession. More »
August 25, 2011 • Virginia
Rate of Contract Failures Holds Steady in July
Contract Failures - caused largely by declined mortgage applications or failures in loan underwriting from appraised values coming in below the negotiated price â�� holds steady in July More »
August 25, 2011 • Michigan
Combined GFE/TIL Disclosures:
The Consumer Protection Financial Bureau continues the process of working toward a combined Good Faith Estimate and Truth in Lending Disclosure form. More »
August 19, 2011 • Michigan
Mortgage Electronic Registration System (MERS)
By now everyone has heard about the recent MERS cases. One of the most prominent cases was Residential Funding LLC v Saurman. In that case, the Michigan Court of Appeals ruled that MERS, appearing on the mortgage as nominee for the lender, cannot foreclose the property by advertisement in its name or as nominee for the lender. More »
July 20, 2011 • Michigan
"Jumbos" getting smaller.
Three years ago, Congress raised the maximum loan amount that Fannie Mae, Freddie Mac and federal agencies could guarantee to as much as $729,750.00 More »
July 20, 2011 • Michigan
A small step in the right direction.
The National Association of Realtors recently reported that the number of people who signed contracts to buy previously occupied homes in the U.S. rose in May, although such was still down from a historical perspective. It was the strongest monthly gain since last November. This rise may indicate that home values are or soon will be stabilizing. Unfortunately, foreclosures continue to depress home values and sales levels remain historically weak. More »
July 20, 2011 • Michigan