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Fidelity Mortgage - Grand Junction Colorado

Fidelity Mortgage Grand Junction was founded with the philosophy that the customer should always come first in mortgage lending. Since our doors ...

Title Insurer Revenue to Decline Slightly in 2016: Fitch

Title insurer operating revenue will end 2016 flat to slightly down as a modest increase in interest rates should dampen purchase and refinance transactions, a report from Fitch Ratings said.

The industry should benefit from continued strength in the commercial real estate market, with the U.S. economy continuing to grow and employment rates modestly improving. This should "somewhat offset softening trends in the residential housing market," said the report, issued last week.

"Expense management will be critical for profitability in 2016, given flat to lower premium volume and Fitch anticipates that operational restructuring undertaken by the industry will help insurers withstand a future cyclical downturn," said Fitch Director Gerald Glombicki, in an accompanying press release.

There will not be any merger and acquisition activity between the four largest underwriters, but there is the potential for the larger players to buy smaller ones. This is because of the "more stringent requirements under the TILA/RESPA integrated disclosure rule," the report said.

Mortgage delinquencies up slightly as recovery continues | Vermont ...

  Vermont Business Magazine Vermont is recovering more slowly than most states from mortgage failures as part of the Great Recession. Vermont had fewer foreclosures than most states, but is working through the process of reconciling non-current mortgages more slowly. Vermont now is at about the national average for non-current mortgages after having been on the low or very low end of the range for most of the period starting in 2008. The  Data & Analytics division  of  Black Knight Financial Services , Inc. (NYSE: BKFS) reports the following "first look" at July 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

Vermont ranks fifth (worst) in the decline in non-current mortgages over the last six months. But even there, the state is still about 10 percent better than it was a six months and a year ago. Vermont peaked at 9.55 percent of all mortgages listed as non-current in December of 2012 and is now down to 5.78 percent. As of June, 3.7 percent of Vermont mortgages were delinquent, 1.8 percent were in foreclosure for a 5.5 percent total non-current (the US average is 5.4 percent). Vermont is a "judicial state" which results in a slower foreclosure process.

Fidelity Mortgage sells a mortgage on Doug's home to Enterprise Bank.Enterprise erroneously pays the real esta

te taxes on the home. When Enterprise demands reimbursment, Doug refuses, arguing that no contract exists that obligates him to reimburse the bank. What legal theory might Enterprise use to get its money from Doug?


Was there an escrow account set up for taxes in the original loan with Fidelity? If not, chances are Doug also paid the taxes to the county unless Enterprise brought it to Doug's attention that they had already paid them.