Old Republic Will No Longer Insure JPMorgan and GMAC REOs

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Wednesday, October 6, 2010. Old Republic Will No Longer Insure JPMorgan and GMAC REOs.

John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and banker who dominated corporate finance on Wall Street throughout the Gilded Age.

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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.

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 · GMAC, JPMorgan Chase , In fact, one major title insurer, Old Republic National Title Insurance, will no longer insure titles for GMAC foreclosures because of the document problem. The stock market is weighing in, too, as shares of title insurers have taken a hit.