Bulletin: NYSA000116

Date:
August 10, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
HomeBanc Mortgage, National City Home Equity (NHE), NovaStar Financial, Inc.

Please consult with the Legal Department personnel prior to insuring any transactions, or agreeing to issue a letter of indemnity, involving the following companies:


HomeBanc Mortgage
National City Home Equity (NHE)
NovaStar Financial, Inc.

 

For additional guidelines regarding procedures to be followed, please continue to consult Bulletin NY000311.

 

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
NY000311 Mortgage Lenders That Are The Subject Of Closing Alerts Or That May Be Troubled
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None