Anticipation: waiting for the RTC and the FDIC to resolve the junior lien rights problems

Article Abstract:

The title insurance industry is still waiting, as of Apr 1, 1992, for the Resolution Trust Corp (RTC) and Federal Deposit Insurance Corp (FDIC) to issue their regulations regarding the rights of junior lienholders. The RTC and FDIC differ in their interpretation of what are called the Consent or Automatic Stay statute, 12 USC 1825(b)(2), and the Redemption statute, 28 USC 2410(c). The application of these statutes affects foreclosures and the status of liens.

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Preview: title industry issues in the 103rd Congress

Article Abstract:

The 103rd US Congress of 1993 will consider issues of interest to the title insurance industry. The Banking Committees of the House and Senate may allow banks to sell title insurance. Another key committee will be the House Committee on Energy and Commerce. Key legislators will be Sen Donald Riegle, Rep Henry B. Gonzalez and Rep John Dingell.

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Taming a gorilla

Article Abstract:

The big issue for the title insurance industry in 1993 will be federal regulation. The Dept of Housing and Urban Development has new rules, while the Federal Trade Commission has pursued rating bureaus into the US Supreme Court. There is pressure to regulate all kinds of insurance, spearheaded by Rep John Dingel and Sen Howard Metzenbaum.

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