A major title insurance company refuses to insure homes foreclosed by JPMorgan Chase (JPM) until...

|By:, SA News Editor

A major title insurance company refuses to insure homes foreclosed by JPMorgan Chase (JPM) until "the objectionable issues (e.g.) have been resolved." On Friday, title insurer stocks dropped over concerns business would suffer due to the foreclosure freezes. GMAC, Bank of America (BAC) and Chase have now halted all foreclosures in the 23 states where they need a court's approval.