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News:Latest InformationImportant News For WNC Clients
Federal Register, Vol. 74, No. 138, Tuesday, July 21, 2009, Loans In Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance – Read the official text of the Federal Agencies Flood Q & A. Find Question 62, regarding the 45 Day notice, on page 35934. [click here for more] WNC Insurance Services, Inc.’s Comment to the Interagency Questions and Answers, Question Numbers 60 and 62 – Read the full text of the official comment from WNC Insurance Services, Inc. to the Federal Agencies Flood Q & A, Questions 60 and 62. [click here for more] WNC’s REOSelect ™ for Foreclosed Real Estate Well Received by Mortgage Industry South Pasadena, CA – August 24, 2009 – Since its official launch in May this year, WNC Insurance Services, Inc. has seen positive acceptance of its REOSelect™ product – especially created to help protect a mortgage lender or servicer’s foreclosed and Real Estate Owned (REO) properties. [click here for more] NFIP EXTENDED THROUGH SEPTEMBER 2009 On March 10, 2009, Congress passed another short-term extension of the National Flood Insurance Program (“NFIP”). By its terms, the NFIP was set to expire on September 30, 2008. After a series of extensions, the program is now funded until September 30, 2009. [click here for more] National Insurance Regulation On The Horizon? Should the Borrower be named as an Additional Insured on a lender placed flood policy? Recently, one of our lenders asked if a borrower should be added as an additional insured on a lender placed flood insurance policy. The short answer to this question is an emphatic “No”. To understand why, we need to examine four important facts regarding a force placed flood insurance program.
[click here for more] Summary of CA Assembly Bill No. 69 — Mortgage Lender Reporting To curb the tide of imminent foreclosures and get a better handle on the subprime mortgage crisis currently gripping the state, the California Assembly recently passed AB 69 covering state-regulated commercial and industrial banks, credit unions, finance lenders and brokers engaged in servicing loans secured by real property. SUMMARY OF TRIA REAUTHORIZATION ACT OF 2007 To alleviate the fears of a grieving nation and share the risk of providing terrorism coverage to property owners following the attacks of September 11, 2001, Congress passed the Terrorism Risk Insurance Act (TRIA) in 2002. [click here for more] WNC INSURANCE HOLDING CORP. AND WNC INSURANCE SERVICES, INC. APPOINTS INSURANCE INDUSTRY VETERAN WILLIAM KEELER AS PRESIDENT AND CHIEF EXECUTIVE OFFICER Leading Provider of Specialty Insurance Solutions Looks to Further Accelerate Growth and Strengthen Its Market Position (South Pasadena, CA) September 4, 2007 - WNC Insurance Holding Corp. and WNC Insurance Services, Inc. announced on August 22 the appointment of William M. Keeler to the position of President and Chief Executive Officer of both companies. [click here for more]
Just days after the official close of the busiest Atlantic hurricane season on record and with one hurricane still churning in the Atlantic, the first 2007 forecast is out already. To the surprise of no one it predicts an active season. Pending litigation in the United States District Court in Pennsylvania. [click here for more] WNC First Relocates to New Corporate Home September 2003 [click here for more] |