Old Republic Will No Longer Insure JPMorgan and GMAC REOs

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Old Republic Will No Longer Insure JPMorgan and GMAC REOs Senate Republicans pull big move To Force Through Confirmation For Trump’s Picks 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).

Phoenix VA Chief responds to secret list claims Old Republic, the fourth largest title insurer, has clarified its policies on insuring Ally Bank/GMAC and JP Morgan chase foreclosure transactions, and has partially reversed an earlier pronouncement that it would refrain from insuring all Ally/GMAC foreclosures.

Old Republic Will No Longer Insure JPMorgan and GMAC REOs 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.

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The certificates represent obligations of the trust only and do not represent an interest in or obligation of Financial Asset Securities Corp., Countrywide Home Loans Servicing, LP, GMAC Mortgage.

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