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Equity National Title is a company that's dedicated not only to awesome experiences and community involvement, but to education as well. We maintain this blog so that we can be a valuable resource to homeowners, lenders and realtors. 

 

 Mortgage rates remain low during July

By: Equity National   July 29, 2014   No Tags   Closing

Mortgage rates remain low during July

Mortgage applications have increased in the past few weeks, as interest rates stabilized at some of the lowest levels seen this year. For the 30-year fixed-rate mortgage, the figure posted an average of 4.13 percent during the week ending July 24, 2014, no different from one week earlier, according to a the latest edition of the Primary Mortgage Market Survey from government-sponsored enterprise Freddie Mac. The latest measurement was also not...

Foreclosures drop notably in June

By: Equity National   July 22, 2014   No Tags   Title

Foreclosures drop notably in June

Mortgage conditions have improved significantly since the recession, which may make the title process easier for insurers and potential homebuyers, alike. The overall foreclosure tally for the first six months of 2014 reached 613,874 when considering repossessions, foreclosure filings and default notices, according to the Midyear 2014 U.S. Foreclosure Market Report from RealtyTrac. This figure was 23 percent lower than the same six months in 2...

Many title insurance industry changes on the hor...

By: Equity National   July 18, 2014   No Tags   Title

Many title insurance industry changes on the hor...

The title insurance industry continually has to deal with an altering title landscape. This can be difficult to adjust to, but there are some important items that need to be taken into account as regulations and the market fluctuate. Looking forward, there may be some significant issues that title insurers will need to overcome in the future, just as they have in the past 10 years. Marty Solomon, member of Carlton Fields Jorden and Burt, ...

ALTA plans best practices implementation

By: Equity National   July 16, 2014   No Tags   Title

ALTA plans best practices implementation

With the changing compliance landscape for those in the title insurance industry, there may be some extra steps that need to be taken in the coming months. The American Land Title Association recently released a statement noting that its Title Insurance and Settlement Company Best Practices will be applied, along with a self-assessment, by September of this year. This aims to help members of ALTA set up a compliance guide that can aid both cus...

Know the difference between owners, lenders titl...

By: Equity National   July 14, 2014   No Tags   Title

Know the difference between owners, lenders titl...

The title insurance process can be complicated, which is why it is important to determine the differences between each type of policy. Having this information can be quite beneficial, and it may help clarify the title process, which is a necessary aspect of purchasing an existing property. Title insurance ensures that homeowners and lenders are covered during the mortgage process, so that there are no issues once the home is closed and th...

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