T2 July 3

The American Land Title Association (ALTA) testified Thursday, June 25, 2009 in Annapolis, Md., during a public hearing held by the Maryland Insurance Commission (MIC) to Study the Title Insurance Industry. 
Notably,  no community members voiced concern to the commission. More than 35 title insurance professionals listened to testimony from 10 individuals, including Justin Ailes, ALTA’s director of government affairs. […]

The Federal Reserve Bank of Boston just published an abstract ominously entitled Why Don’t Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization.

As frightening as the title is, the results are worse. Unfortunately the facts demonstrate a sorrowful reality. The authors analyzed 665,410 loans originated between 2005 and 2007 that were over 60 days […]

THE “HALF-EMPTY” PERSPECTIVE: It is estimated that more than 50 percent of American homeowners are either in or near a negative equity situation. And if all that is not bad enough, check out the latest news:

 U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data […]

Fannie Mae and Freddie Mac to refinance for homeowners with 125% loan to value ratio. YOU READ IT RIGHT …. 
Deja vu all over again!! Read all the details at the Wall Street Journal.

The move lifts current 105% limit to aid more borrowers struggling to make payments.
GSEs to offer new 25 year mortgage for some refinances to accelerate […]