More title insurance firms are easing up on indemnification demands from mortgage companies that are selling REO properties. Late this week First American, Old Republic, and Stewart Title all said they would not demand that REO sellers provide written assurances that everything was kosher with the paperwork. Fidelity National made the move two days ago. Meanwhile, sources tell us that Fannie Mae is selling 1,000 REO properties a month to wholesale investors. But be forewarned: what Fannie is selling are the dregs…
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