Federal bank regulators have proposed regulations that would require automatic escrowing of the premium payments on flood insurance policies. Federally regulated mortgage lenders are already required to make sure borrowers living in designated flood hazard areas purchase and maintain flood insurance. The new regulations would intensify efforts to ensure that borrowers don’t let their policies… Read More »

Some industry analysts are pessimistic about the outlook for the housing market; others are uncertain. Pat Stone, President and CEO of Williston Financial Group (WFG National Title’s parent company) is confident and emphatically upbeat. Speaking to title agents a few weeks ago at the Executive Management conference hosted by WFG’s Southwest Region, Pat described a… Read More »

WFG’s auditors are an experienced, hard-working and interesting bunch. They share a love of travel (a very good thing, as they do a lot of it), extensive industry knowledge (all worked as auditors for other underwriters before joining WFG) and a strong desire to help agents succeed. In this respect, they differ in attitude and… Read More »

Q: I am aware that federal tax liens raise a variety of complicated title questions. What are the most important ones for title agents to address? A: Steven Winkler, WFG’s chief underwriting counsel, provides the following list of questions (and answers) for you, with input from Roger Blauvelt, vice president and national agency counsel for… Read More »

Housing industry analysts bemoaning declining home ownership rates have blamed millenials (20- and 30-somethings) for turning their backs on the American Dream. But a recent article in The Atlantic contends that it is actually middle-aged consumers who were hit hardest by foreclosures during the downturn, who represent “the true lost generation of homeowners.”   In fact,… Read More »

Conventional wisdom holds that low-down payment mortgages approved for borrowers who really couldn’t afford home ownership costs, and who ultimately defaulted on their loans, contributed much to the implosion of the financial markets. But the Urban Institute compared default rates on loans with down payments of 3-5 percent and 5-10 percent, and found that there… Read More »

Many prospective homebuyers assume they won’t be able to obtain a home mortgage and so aren’t even attempting to purchase homes as a result. Although nearly one-third of the consumers responding to a Loan Depot survey said they would like to buy a home in the next two years, more than half said they think… Read More »

What’s worse than a trip to the dentist? Spending time with a financial adviser, according to respondents to a recent survey, 17 percent of whom said that given the choice, they’d rather spend the time in a dentist’s chair.   The poll results suggest that their finances need as much work, if not more, than their… Read More »

Some industry analysts are pessimistic about the outlook for the housing market; others are uncertain. Pat Stone, President and CEO of Williston Financial Group (WFG National Title’s parent company) is confident and emphatically upbeat. Speaking to title agents a few weeks ago at the Executive Management conference hosted by WFG’s Southwest Region, Pat described a… Read More »