- December 18, 2009
- All Issuing Offices
- Special Alert - AmTrust Bank Update
This Bulletin supplements Special Alert SA2009054 dated December 7, 2009, relating to AmTrust Bank.
You may obtain information about the status of a loan - whether it has been retained by the FDIC, as Receiver, or is being transferred to New York Community Bank - by contacting the Mortgage Consulting Center at 888-321-6446 or by emailing an inquiry to Closingagentsetup@amtrust.com. You must obtain current written instructions (which may be transmitted electronically) regarding a loan.
As of December 4, 2009, New York Community Bank is operating the former branches of AmTrust Bank as "AmTrust Bank, a division of New York Community Bank". You may comply with current written instructions (which may be transmitted electronically) relating to payoffs or new loans that describe them in this manner.
If you have questions relating to this bulletin, please contact Stewart Legal Services or your local underwriting personnel.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.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.
- Bulletins Replaced:
- Related Bulletins:
- SA2008035 AmTrust Bank - OTS Order to Cease and Desist
- SA2008036 AmTrust Bank
- SA2009054 Special Alert - AmTrust Bank
- SLS2008010 The Federal Deposit Insurance Corporation's (FDIC) role as Receiver and Conservator for failed banking institutions - Title implications for sales and loan payoffs
- SLS2009010 AmTrust Bank and Short Form Policy
- Underwriting Manual:
- Exceptions Manual: