American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

HUD Extends Foreclosure Moratorium For FHA-Insured Homeowners In Hurricane Affected Areas

November 28, 2005

Additional relief granted to victims of Katrina and Rita

WASHINGTON - HUD Secretary Alphonso Jackson is instructing all FHA-approved lenders to provide additional foreclosure relief to FHA-insured families who live or work in those areas hardest hit by Hurricane Katrina and Rita . The relief affects all pending foreclosures of FHA-insured properties in the Presidentially declared disaster areas designated by the Federal Emergency Management Agency (FEMA) as eligible for individual assistance. Additionally, it prohibits lenders from initiating new foreclosures. Jackson is also again encouraging lenders to undertake actions such as assisting borrowers with hazard and flood insurance filings, waiver of late charges, and mortgage modification.

"It is important that families left devastated in the wake of these hurricanes are able to focus on rebuilding their lives, not worrying about losing their homes, said Jackson. "We are committed to helping families rebuild their communities. This moratorium gives families with FHA-insured mortgages time to get back on their feet and peace of mind in knowing there's a helping hand ready to work with them through the recovery."

The extended moratorium will be in effect until February 28, 2006. A current foreclosure moratorium impacting FHA mortgages in Presidentially declared disaster areas hit by Hurricane Wilma will remain effective until January 22, 2006 unless otherwise extended by the Secretary.

Source: HUD

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment