Bulletin: SA2007011

Date:
August 16, 2007
To:
All Issuing Offices
RE:
Aegis Mortgage Corporation
Dear Associates:

On August 10, 2007, you received a bulletin from Stewart Legal Services (SA2007009) stating that you may experience a problem in receiving funds from the following lenders/brokers:

            Aegis Mortgage Corporation

Aegis Mortgage Corporation has the below listed corporate office address as well as other branch offices throughout theUnited States:

            3250 Briarpark, Suite 400
           
Houston, TX  77042
            Phone:  800-991-5626
            Fax:  713-458-2790

On August 13, 2007, Aegis Mortgage Corporation announced that it had filed Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.  A complete copy of an article from the Houston Chronicle regarding the bankruptcy of Aegis Mortgage Corporation may be viewed at:

http://www.chron.com/disp/story.mpl/headline/biz/5051426.html

Effective immediately, all policy issuing agents are instructed not to accept any orders or close any transactions (including payoffs) involving Aegis Mortgage Corporation without the written approval of the Stewart Legal Services representative listed below:

Mary Payne Thomas
Stewart Title Guaranty Company
1980 Post Oak Blvd.
Suite 710
Houston, Texas  77056
(800) 729-1902
Email: mthomas@stewart.com

For additional guidelines regarding lenders/brokers in bankruptcy, please continue to refer to Stewart Legal Services bulletin SLS00368 which was released on May 8, 2007.

For on-line viewing of this bulletin, log onto http://specialalerts.stewart.com/ .

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:
SA2007009 Special Alert -- Aegis Mortgage Corporation
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None