There’s a great post on the Housing Wire this AM. It distills the state of the housing market in terms of delinquencies. The press and the blogsphere are full of analyses of varying complexity. Discussion of CDOs ratings, delinquency rates, foreclosures, bankruptcies. Multiple symptoms that all paint a gloomy picture.
Sometimes we miss the forest for the trees: People have mortgages they can’t afford.
Categories: Opinon
Recently there’s been significant discussion in the title business about “Good Funds.”
When we are waiting for funds to show up in our trust account, Lenders routinely offer to provide the Fed Wire Number as proof that the funds were delivered. We’re glad to write them down, but we won’t accept anything less than a wire receipt confirmation from our bank as proof of receipt. Here’s why:
Categories: Operations
I haven’t posted because we’ve been busy – busier than we’ve been all year – Across the board, all types of deals.
August is historically a slow month and the housing / mortgage markets are supposedly melting. Why the surge in activity?
Last hurrah
Just lucky
Market turning upwards
Who knows
How are you doing? Here’s a quick survey on your month. (sorry it’s not embedded – WordPress won’t allow embeded objects)
Categories: Title Insurance
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