Bulletin: SA2007012

Note: This Bulletin has been replaced by Bulletin SA2007016 . Use it for reference only.

Date:
August 17, 2007
To:
All Issuing Offices
RE:
Special Alert -- National City Home Equity

Dear Associates:

We have been alerted that you may experience a problem in receiving funds from the following lenders/brokers:

National City Home Equity (the broker based wholesale home equity lending unit of the National City Corporation subsidiary, National City Bank)

National City Home Equity has the below listed corporate office address as well as other branch offices throughout the United States:

            1900 East Ninth Street
           
Cleveland, Ohio  44114-3484
          
 Phone:  216-222-2000

A copy of a press release from National City Corporation may be viewed at:

http://phx.corporate-ir.net/phoenix.zhtml?c=64242&p=irol-newsArticle&ID=1037230&highlight=

Effective immediately, all policy issuing agents are instructed not to accept any orders or close any transactions involving the above entity 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:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None