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GMAC, JPMorgan Chase. one major title insurer, Old Republic National Title Insurance, will no longer insure titles for GMAC foreclosures because of the document.

How to Declare Your Reverse Mortgage Interest Deduction The table shows how much mortgage debt you need before your deductible interest in the first year outweighs the standard deduction. For example, if you’re single and borrow at least $280,000 to buy a home at the current average rate, you can claim more deductions on your first year of mortgage interest than you could with the standard deduction.

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Old Republic National Title Insurance Company released a bulletin to its agents that it would cease to insure title to properties. then the mortgage can no longer.

Old Republic Will No Longer Insure JPMorgan and GMAC REOs The lack of REOs has caused turmoil in our industry. REO service providers struggling to survive during this drought.