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Statewide Title Services, Inc.

200 Office Park Drive

Suite 115

Birmingham, AL 35223

Phone (205) 803-4022

Fax (205) 803-4322

January 2010 Newsletter

Mortgage News

Mortgage rates hit decades-low: 4.32 percent for 30-year fixed loans – Inside Bay Area
… refinancing by borrowers … percent of all new loans, its highest share since January 2009. People seeking lower rates helped boost mortgage applications by 2.7 percent last week, the Mortgage Bankers Association

Mortgage rates reach record low in 9 of 10 weeks – Detroit Free Press
NEW YORK — Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for …

Mortgage rates hit low of 4.36% – Durango Herald
NEW YORK – Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for …

Mortgage rates set new record lows, might hold steady next week – Los Angeles Times
Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan …

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Real Estate News

Drop in new home sales adds to housing pains – LoHud.com
It’s been a rough week for the housing market. The Commerce Department on Wednesday reported sales of new homes in July dropped to the lowest level on record nationally, with sales in the Northeast falling at …

New home sales fall 12% in July, down 32% from last year – Hotair.com
Look on the bright side.  It’s not as bad as yesterday’s numbers in the existing-home market, although it certainly comes close.  But otherwise, there is no other way to paint today’s report from the Commerce …

U.S. July new home sales sag – Reuters UK
WASHINGTON (Reuters) – New U.S. home sales slumped to the slowest pace on record in July and orders for costly durable goods were weak, heightening fears the economy was at risk of another downturn. The reports on …

July new home sales slowest on record – Hartford Business
Sales of new homes dropped sharply last month to the slowest pace on record, the latest sign that the economic recovery is fading, The Associated Press reports. The Commerce Department said Wednesday that new home sales …

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Title Insurance News

A.M. Best Withdraws Ratings of Pacific Northwest Title Insurance Company Inc Due to Merger – Earthtimes
OLDWICK, N.J. – (Business Wire) A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Pacific Northwest Title Insurance Company Inc …

A.M. Best Withdraws Ratings of Interlex Insurance Company Due to Merger – Business Wire
OLDWICK, N.J.–( BUSINESS WIRE )– A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of Interlex Insurance Company (Interlex), a former …

Former Title Insurance Agent Sentenced for Embezzlement – Insurance News Net
WASHINGTON, Aug. 24 — The U.S. Attorney for the Middle District of Pennsylvania issued the following news release: The United States Attorney’s Office announced today that Ellery A. Crissman, age 45, presently resides …

4 ways to save on title insurance – Yahoo Finance
When potential homebuyers find their dream homes, they’re often too busy dreaming about paint colors or new furniture to worry about title insurance . However, a title policy is an important protection that helps …

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Recipe of the month
Chicken Spaghetti

• 1 cup chopped celery
• 32 oz. chopped or stewed tomatoes
• 1 1/2 cups chopped onion
• 1 Cup chopped green pepper
• 1 whole chicken
• 24 oz. pasta
• 2 tsp. chicken bouillon
• 2 lbs cubed velvetta

Boil chicken in water and two tablespoons of chicken bouillon. While boiling chicken, saute onion, bell pepper and celery in butter. Remove cooked chicken and let cool, then de-bone and cube. Boil pasta in the bouillon mixture. Mix
together the chicken, pasta, vegetables, velvetta and tomatoes until well blended.
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