Once again [link to earlier letter], in a letter dated March 25, 2010, the 21 key industry groups band together in an attempt to focus the Senate on the importance of the securitization market, and to caution the Senate on the proposed reforms relating to the securitization market. The players in this group represent an extremely… Continue Reading
Tag Archives: Financial
CMSA & Key Industry Groups Push Congress To Avoid “Looming Commercial Real Estate Crisis”
Posted in Good Times for Lenders, Market TrendsAs I noted previously [link], the mid-term elections significantly limit the time period for Congress to pass a meaningful financial reform bill. The “window” for this closes in August – five months from now – when the fall election campaigns kick into high gear. With this short-course in mind, the CMSA and other key industry groups… Continue Reading
LandAmerica Financial Group in Bankruptcy: An Update on Insurance Coverage and Escrow Issues
Posted in Good Times for Lenders, Insurance & Environmental RisksAs noted in my earlier posting on Fidelity’s acquisition of Commonwealth Land Title and Lawyers Title, the American College of Mortgage Attorneys furnishes its members with information on title insurance and escrow issues relating to the bankrupcty of LandAmerica Financial Group. Here is a portion of the most recent announcement from ACMA: A. Title Insurance… Continue Reading