Underwriting News

Your source for the latest updates from the ATG Underwriting Department. ATG agents, sign-in above for access to a vast library of resources in the members-only Underwriting Index.

HUD Secretary Requires Payoff Letters for Home Equity Conversion Mortgages
02/18/2009 - 8:28am
  February 2009 Vol. 2, No. 2   Claims Corner Mortgages; Reverse Mortgages HUD Secretary Requires Payoff Letters for Home Equity Conversion Mortgages Reverse mortgages (also...
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Judicial Sale: Vacating before the Confirmation
11/13/2008 - 2:03pm
The Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1101 et seq., strikes a balance between the competing interests of the mortgagee, mortgagor, and those who bid on foreclosed properties at...
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Changes to the Invoice for Title Charges
09/23/2008 - 12:41pm
Special Bulletin: Sent 9-23-2008 Changes to the Invoice for Title ChargesEFFECTIVE IMMEDIATELY ATTN: Chicago-Area Members In an effort to provide clearer information to the consumer, Attorneys' Title...
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Predatory Lending Procedural Update
09/23/2008 - 12:41pm
Special Bulletin: Sent 9-23-2008 Predatory Lending Procedural UpdateEFFECTIVE IMMEDIATELY ATTN: Chicago-Area Members In an effort to relieve the confusion caused by including the fee for the...
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SB 1167 Procedures - Home Equity Lines of Credit
09/05/2008 - 3:33pm
Home Equity Lines of Credit Need Not be Entered into Anti-Predatory Lending Database as Separate Applications Some title agents are mistakenly requiring brokers to enter Home Equity Lines of Credit...
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Claims Corner: Mortgage Rescue Fraud
08/14/2008 - 1:19pm
What are the circumstances that could give rise to a mortgage rescue fraud? Consider this scenario: An owner of a piece of mortgaged real estate finds him/herself in financial distress and unable to...
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Religious Organizations and Real Estate
05/17/2003 - 9:28am
by John Kelly, ATG Law Clerk Originally published in the May 2003 issue of the ATG concept. Introduction Many religious organizations own property for the purposes of meeting and worship. However,...
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