Old Republic Will No Longer Insure JPMorgan and GMAC REOs

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Nevada: Foreclosure-Gate Causing Chaos In The Mortgage Industry.. one title insurance company, Old Republic National Title Insurance, has announced that it will no longer write new insurance policies for homes that have been foreclosed on by JPMorgan Chase and GMAC Mortgage.

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GMAC, JPMorgan Chase , Old Republic National Title Insurance, will no longer insure titles for GMAC foreclosures because of the document problem. The stock market is weighing in, too, as shares of title insurers have taken a hit.

Old Republic National Title Insurance has thrown a monkey wrench into the ability of lenders to sell their foreclosures: on September 29, the company announced that it will no longer issue policies to properties that have been foreclosed by JP Morgan Chase and Ally Financial, Inc. (GMAC).

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California, Arizona Call For Foreclosure moratoriums.. california attorney general jerry Brown is telling JP Morgan Chase to halt all. When you add in the report from the New York Times this morning that Old Republic Title Insurance is no longer selling title insurance on GMAC/Ally.

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 · GMAC, JPMorgan Chase , In fact, one major title insurer, Old Republic National Title Insurance, will no longer insure titles for GMAC foreclosures because of the document problem. The stock market is weighing in, too, as shares of title insurers have taken a hit.

Questions about the legality of foreclosure proceedings have prompted Old Republic National Title Insurance to decide it will no longer insure titles to homes foreclosed by JPMorgan Chase and GMAC.

Old Republic Default Mgmt Svcs: 500 City Pkway W 200, Orange, CA. but now that I no longer have a mortgage, taxes, insurance and upkeep of.. JPMorgan Chase, and Wells Fargo-for engaging in illegal foreclosure procedures. Scripts – There is NO question that the call center reps are reading.