Old Republic Will No Longer Insure JPMorgan and GMAC REOs 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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loanDepot cannot guarantee that the borrower will be approved for a future loan, the interest rate for a future loan, or the future appraised value of the home. The borrower’s ability to qualify for a future loan will be subject to the loan program terms and conditions available at that time.
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