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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 Senate Republicans pull big move To Force Through Confirmation For Trump’s Picks Old Republic National Title Insurance has thrown a monkey wrench into the ability of lenders to sell their foreclosures: on September 29, the company announced that it will no longer issue policies to properties that have been foreclosed by JP Morgan Chase and Ally Financial, Inc. (GMAC).
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