Old Republic Will No Longer Insure JPMorgan and GMAC REOs

With billions in TARP funds, the FASB no longer requiring mark to market accounting. Part 4 of the plan had billions in TARP funds going to the likes of GMAC, Capital One and American Express so.

UPDATE: Some old Republic agents have received a notice that indicates that the nationwide no-issue order on Ally/GMAC and JP Morgan foreclosures is still in effect. The Old Republic Bulletin states the following: Recently, officials at GMAC Mortgage a division of Ally Financial, Inc. and at JP Morgan Chase, announced that they are halting evictions of foreclosed borrowers and are halting REO.

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Bank REO List. This is our master REO (Real Estate Owned) list for people looking for bank foreclosed properties. We have received many requests in recent months about wanting to represent us in brokering REO transactions.

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