Owner Occupancy

Written by Federal Title on January 31, 2018.

I often get asked at the settlement table - Why are 5 different lender documents required if the borrower is going to occupy the property? The answer is the interest rate and the type of loan offered by the lender may be directly related...

Beware of possible malware attack

Written by Nikki Smith on June 6, 2016.

Several real estate agents and lenders who work with Federal Title recently received an email purporting to be from a Federal Title employee with the same name as a local real estate professional and with a file attachment for download. The...

Choosing your own title company – yet another reason

Written by Guest on February 3, 2015.

Two of the largest financial institutions in the country are having their feet held to the fire over blatant violations of the Real Estate Settlement Procedure Act, according to a complaint filed in federal court last week by the Consumer...

How to make sure you have “good funds” for your real estate closing

Written by Guest on January 20, 2015.

Wire transfers are a very common aspect of the real estate settlement process. But for many consumers, the purchase of a home is their only exposure to wire transfers, which can lead to confusion and unnecessary stress. To clear up any confusion...

Hazard Insurance – If I change it, will it affect my mortgage?

Written by Guest on January 13, 2015.

If you are like everyone else, you have at least one New Years’ resolution. Some choose weight loss, others fiscal awareness, other personal awareness, etc, etc. If one of your resolutions is to lower your monthly costs and you are looking...

Maximum VA loan county limits updated for 2015

Written by Guest on January 8, 2015.

The Department of Veterans Affairs Loan Guaranty Program recently published county "limits" to be used for VA Loans effective January 1, 2015. Please note, these limits do not reflect a maximum amount that an eligible veteran is permitted...

Federal Title now a trusted & verified SSI agent

Written by Guest on December 22, 2014.

Federal Title is now a trusted and verified title agent, having completed a standardized risk management process through risk management firm Secure Settlements Inc. We successfully demonstrated to SSI that we meet federal regulatory requirements....

Not all Power of Attorney documents created equal

Written by Guest on December 8, 2014.

The topic of "Power of Attorney" comes up pretty frequently in our office. On an almost daily occurrence, clients ask whether or not a Power of Attorney is sufficient for a client’s upcoming real estate settlement. Or, at the 11th hour...

Language stemming from outdated DC law should be removed from lender’s loan packages

Written by Guest on September 23, 2014.

Several mortgage lenders continue to require borrowers to sign a statement at closing as to whether a borrower has a non-borrowing spouse or domestic partner living with the borrower. The recitation provided by the lender reads, "Washington,...

Using Power of Attorney? Think again

Written by Guest on October 24, 2013.

Fannie Mae recently issued new restrictions on the use of power of attorney (see bulletin details). As a result, these new restrictions will apply to virtually every real estate transaction. One important restriction is that if you are doing...

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Tag: lenders

Owner Occupancy

Beware of possible malware attack

Choosing your own title company – yet another reason

How to make sure you have “good funds” for your real estate closing

Hazard Insurance – If I change it, will it affect my mortgage?

Maximum VA loan county limits updated for 2015

Federal Title now a trusted & verified SSI agent

Not all Power of Attorney documents created equal

Language stemming from outdated DC law should be removed from lender’s loan packages

Using Power of Attorney? Think again

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Financial assistance for Maryland homebuyers

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