· 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.
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.
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· Old Republic Will No Longer Insure JPMorgan and GMAC REOs Old Republic National Title Insurance, among the nation’s largest title insurance companies, will no longer write new policies for homes foreclosed upon by J.P. Morgan Chase and Ally Financial’s gmac mortgage unit — a sign that concerns about faulty foreclosure paperwork could now.
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