Friday, October 29, 2010

Title Insurers Decide to Insure REO Titles

This is a reverse after only about 2 weeks.

Three major title insurance companies - First American Financial, Old Republic International and Stewart Information Services - told Wall Street analysts in conference calls Thursday that they had decided not to demand written indemnifications from lenders re-selling foreclosed homes. Combined, the three companies account for 52 percent of the title insurance market--WaPo via CalcRisk

Evidently they decided that the risk in the MERS-Mess is not substantial, or they've been told that they don't have to worry.

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