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P. 1
Old Republic National Title Insurance Company (ORTRIS) LENDER POLICY (ATTACHED) ISSUER: SASCO 2006-WF3 NOTE-CONSUMER is Annunity cash of third party investor conduit Aurora Loan Services. National Vendor Management Division and the bundled services provider Old Republic National Title Insurance Company RECIPROCAL EXCHANGE - OREXCO - Mortgage Impairment Product - Is Lien Protection Policy - Mortgage impairment/lien priority coverage insure against senior UNDISCLOSED liens and encumbrances in a BOND format by Insurance against and Encumbrance not know or disclosed to the Obligee. The Obligee are the INVESTORS as Reasonable People of REMICs.

Old Republic National Title Insurance Company (ORTRIS) LENDER POLICY (ATTACHED) ISSUER: SASCO 2006-WF3 NOTE-CONSUMER is Annunity cash of third party investor conduit Aurora Loan Services. National Vendor Management Division and the bundled services provider Old Republic National Title Insurance Company RECIPROCAL EXCHANGE - OREXCO - Mortgage Impairment Product - Is Lien Protection Policy - Mortgage impairment/lien priority coverage insure against senior UNDISCLOSED liens and encumbrances in a BOND format by Insurance against and Encumbrance not know or disclosed to the Obligee. The Obligee are the INVESTORS as Reasonable People of REMICs.

Ratings: (0)|Views: 27 |Likes:
Published by Mary Cochrane
ORICS' loss protection programs enable lenders to feel secure in supporting their borrowers' High CLTV lending

Conduit loans are very aggressive on loan amount, interest rate and are assumable

Lender Poloicy future benefits inform of NOTE held in name and likeness of CONSUMER Letter of Transmittal/Bailee Letter reqired by ISSUER: Deal underwriting of receivables advanced by CONSUMER. Receivables are not loans.
Beneficairy: WELLS FARGO BANK NA TRUSTEE, Qualified Intermediary First American: REED SMITH LLP -DIANE A. BETTINO ESQ. 'ENDORSEMENT' (Insurance Product annunity also called a note, and/or Signature Blue Ink)
SUBSTITUTE TRUSTEE US BANK DEFAULT SERVICES OVER UNKNOWN THIRD PARTY - CONSUMER.

'DBA INTERNATIONAL' DEBT BUYING ASSOCIATION.

Wells Fargo Home Mortgage Institutional "IL" Division Third Partys' real estate mortgages are converted into real estate loans during default, and the Note (annunity insurance product beneficial interests will be acquired through abandonement 1099)

Policy insures against inability to enforce rights under a second mortgage because of a superior lien of which the insured was unaware, solely ... insurance policy known as the Lenders Performance Bond

Protection Insurance Policy (by Old Republic National Title Insurance Company), Master Equity Line Loan Policy (by LandAmerica)

Insurance underwriter Old Republic International Corp. said Monday that it sold a 20.6 percent stake in one of its subsidiaries in a partial leveraged buyout as part of a plan to spin off the unit.

Financial terms of the deal were not disclosed.

The company said it sold the stake in Republic Financial Indemnity Group Inc. to a group of investors. The eventual spin-off will make the subsidiary a stand-alone company.

Old Republic plans to spin off its remaining shares as a taxable dividend in-kind to its shareholders.

CEO A.C. Zucaro said the leveraged buyout, and spinoff, are part of Old Republic's plan to combine its two lines of mortgage guaranty and consumer credit indemnity products while separating them from the rest of the business,,

product lines have been hurt by cumulative losses, which has eaten away the capital base that supported them

Christopher Nard, will leave his role and become CEO of Republic Financial Indemnity Group when it is a publicly traded company.
http://insurancenewsnet.com/article.aspx?id=343308&type=lifehealth
ORICS' loss protection programs enable lenders to feel secure in supporting their borrowers' High CLTV lending

Conduit loans are very aggressive on loan amount, interest rate and are assumable

Lender Poloicy future benefits inform of NOTE held in name and likeness of CONSUMER Letter of Transmittal/Bailee Letter reqired by ISSUER: Deal underwriting of receivables advanced by CONSUMER. Receivables are not loans.
Beneficairy: WELLS FARGO BANK NA TRUSTEE, Qualified Intermediary First American: REED SMITH LLP -DIANE A. BETTINO ESQ. 'ENDORSEMENT' (Insurance Product annunity also called a note, and/or Signature Blue Ink)
SUBSTITUTE TRUSTEE US BANK DEFAULT SERVICES OVER UNKNOWN THIRD PARTY - CONSUMER.

'DBA INTERNATIONAL' DEBT BUYING ASSOCIATION.

Wells Fargo Home Mortgage Institutional "IL" Division Third Partys' real estate mortgages are converted into real estate loans during default, and the Note (annunity insurance product beneficial interests will be acquired through abandonement 1099)

Policy insures against inability to enforce rights under a second mortgage because of a superior lien of which the insured was unaware, solely ... insurance policy known as the Lenders Performance Bond

Protection Insurance Policy (by Old Republic National Title Insurance Company), Master Equity Line Loan Policy (by LandAmerica)

Insurance underwriter Old Republic International Corp. said Monday that it sold a 20.6 percent stake in one of its subsidiaries in a partial leveraged buyout as part of a plan to spin off the unit.

Financial terms of the deal were not disclosed.

The company said it sold the stake in Republic Financial Indemnity Group Inc. to a group of investors. The eventual spin-off will make the subsidiary a stand-alone company.

Old Republic plans to spin off its remaining shares as a taxable dividend in-kind to its shareholders.

CEO A.C. Zucaro said the leveraged buyout, and spinoff, are part of Old Republic's plan to combine its two lines of mortgage guaranty and consumer credit indemnity products while separating them from the rest of the business,,

product lines have been hurt by cumulative losses, which has eaten away the capital base that supported them

Christopher Nard, will leave his role and become CEO of Republic Financial Indemnity Group when it is a publicly traded company.
http://insurancenewsnet.com/article.aspx?id=343308&type=lifehealth

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Published by: Mary Cochrane on Sep 22, 2012
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11/14/2012

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sgaimtstY
pdmessirsredE
and
(iiilmv
.
sosffnsltd
ags{ETor
goremrEflElimtrrcnentality*ttkfiquiret
all
u
my
'
psrt0f
dEestateorimrut
graxtua
coru*of
itHuaIEB
olglnfstlty
inuriq
orguaranteeittr6s
indetbdtrcs
sm.ld
W
dF
imred
marEags.
ftl
,rfur
Cqrwrara
of
lida.
Tte
mcr4e
of
ttis
polhVshall
mntirxe
in
fucsm
an
inssed
onlyso
lug
as
treinsurdrstairr
an
6iato
s
inusst
h dp
lad.
or
hokb
ot
it$Mm
sosrd
4
a
nrdram
rrspv
rprE3ge
givsr
W
a
Fjrd|asfisn
tt|B
ifEilod'
or
ody
m
b4
ata
inaurcd
dnll
tws
I'labillty
by
rmrm
of
couanenB of
bvamnty
rcde
'
by
tc
irwred
in
ary
rarsfer
w
cswefame
of
tlp
esEb
oI
inffi
This
pollcy
drallmtcontinue
inforu
in
fa,orof
sryprdw
frsnttn
irnur€d
0f
ei$erlil
sn
6uits
$
inHe$indrs
hnd,
c(iilanin&hdnessssredbya
rrdEss
frwr6ymors4egi'JBrtottEi|r3ured'
lcl
Amount of
InsunEnca.
Ths
amqrnt
of
inslrarrsatbr
the
aquisition
or
atelffiffiffiiEiifrInither
etfft
eM
tE
lssst oft
lil
ths
Allmnt
0l
lnsurarc
statsd
in
Schdule
A
tiil
thgamoum ofthe
pimipal
of
trc
indffiBs
secilrsd
by
Utsinsumd
nnrlpoge
as
of
Dab
of
Pollcy,
inBest
$eteon,srpgtsgs
ot
fuedosre.
arnurts
sdflEedpur$&ltto
srs
i|ler€d
rnonDags
b
a$ur8cmrpliemewih
lawsrtogotecttr
lienof
tn
insrrsd
moIEaS
piqbtF
time of aquisitio.n
of
the
eshts
or
inbrest
in
fte
land
atd
smrd
thereby
ard
rsasoflabls
allu$b
eryM
to
prcwnt
daairation
of
irpowrnE{ts,
htt
rdrd
Sttn
arunt
of atl
poyns|6
mad€:
6
(iiil
tro
amurnt
paid
by
any
mvsrnrnenbl
agEnsf
fi
gwsmfiEntal
insrunarblig,
if
tn
agwrl
r
irstrurnnblity
is
tlB
inssed
daimsnt
in
dE
aquhition
of
tle
estab
0r
intsrost in
salisfaclim
0f
'tts
insrance contact
r
stralty.
&
lktirc
of
Chima
boglris''
W[$urdgdinafit
Ihe
lrurd
$allnotil
$e
ComFny
Fnptly
in
witing{ilin
case
0f
anY
litiptkrn
asset
fortr
in
Salion4{albelor,liil
in
case
knodefte
sllatlcomemsn
inr{red
tsieuldsr
of
any
c-faim
of
titlo
or
interwt
wtrich
is
advrsb
the
ti&
b
tE
esEte
dinErost6the
lienof
$e
iwrd
mortge
a
insured.
ard
which
mfuht
causs
hs
or
damap
for
whi$
the
CompsnY
msY
k
liahh
by
vlrm
of
$is
irolicy.
or
liiil
if
title
t0
tE
estatsor intgrost
0r
ths
lienof
tha
imurd
nnrtgage, asinsurad,
is
rc!*td
as
wursftgtabla
Itpromptnotissshall
mt
b
gitst
t0
tE
Corlpony,
drsr
as
to thainsured
all llability
of
Ute
Cqtpily
shall
teminatewith
regard
to thamattsr
oI
nnttefi
forwhich
trqnpt
nstLE
is
requimd;
fwirted,
tmrwv€l,
tiot
failuro
m
nodfr
the
CompanY
shallin
nocass
gejudice
tln
dghtrol
any
insured
under
thispolicl
unless
ttm
Cornparv
shall
be
feiudiced
by
the failure
and
th€nonlyto
ttg
ertent
of
$e
treiudice.
4'
Defrlalr addPraswttionof
Acfiuts
Dutyof
lnswedClainafib
W.
tal
lJpon
written
rcquest
by
fre
irsured
and
subict
o
the
optiom
contaansd
in
Section
6
ol
tltso
Conditions
ffid
Stipulatiwn,
tho Gunpany
at
in
wm
costand
without
uru€65onEbls
dehy,
$all
povide
for
tn
dekss
of an
insred
in
litigat'ron
in
wtrich
any
thid
P6rtY
ffiserts
a
clsim
sdvens
to
tE
title
tr
idssstas
in$rd,
butmhas
to
tnsa
slated causesof
actinalhiua
dstest
lien
or'suf,ilbnrrct
q
other
mathr
insrd
against
h
tris
polict.
Ilp
Cornpanyshall
tnue
*re
rightto
Esl€ctcounsel
of its
choics
lsutitrt
t0 SE
&ht
of
the
insured
to
obi*t
furueasonaHe
causel
b
GprBsent
tE
in$rsd
mt0
thsso
statBd
caus
of
aclim
and
*tlall
not
bs
li*le
for
srd lvlll
rnt
psy
$5
feesofany
othei
cqnsd.
ne
Compffy
will
mt
favaty hes,
ctsE
or
experrces
imrr*l
by
the
insurd
in
ths dolensc
0f
those
mures
of
actiffi
whidl
allegs
msrcrs
ilrt
inswedagainst
by$is
policy.
{bl
Tte
Gomanv
drall haw
tB
ri$t,
at
ils
ovfl
cost
b
institute
atd
pos€cub
any 8c'tiwror
pocaedrq
or
to
&
any
otler
act
whi$
in
if
op$nist
mry
be
rwsssy
s
desirat$e
to
xufrli$
tle tite
to
tE
sstatsor intsr€st
q
tra
lisn
oltB
ir.nrradnungage,
as
in$rsd,
orm
trR€nt
ot
rcdps
lNq
danam
to 0m
insrd.
Ttp
Connryry
rry
bke
any
apryiate
ttim
ude{
fts
EilIE
0f
$k
pdicy,
wtntler
ornoth
$all
be
liaHe
hsarftr.
ad
stnll
m
ffit
&Ee#
liability
fi
waiw
arry
puvisionof
$is
poliry.
ll
tp
Oornpany
drall exercisiE
riglrt urds
t'tis
psrqradl
it
dlall
do
s
dilig$tly.
(cl
Wtenever
te
Conwry
drall
lsrn
bmrqht
at
adim
w
ifiar@
a
&foffis
as
requid
o
gmined
by
tle
Fodsiors
sf
dtfu
Pdt€f,
tF
OomparynpV
nnnp
any
lit'€atiqr
to linal
d*wmination
bya
cqrt
0f
competfft
Msictimand
egessly
rmerues
tlu
tight
inits
slediscrutim,
b
amsl
frornany
dem
ir$nmt
or
s&.
ld)
In
allcases
udss
tris
pl!ry
permiF
ulquins
tho
Company
t0
fosm
or
foryi&
for
tE
dsfuns
0f
ary
auirr
or
pdirg;
tln
inrrd
dnll
sffiEE ts
tF
Csnpanytte
dght
b
so
pms&Jt8orfsvide
defum
in
ttn
m{bn
or
pMirU.
ard all
Wpsals
tlwsin,std
pmit
$eCornaU
t0
lts,
8t
'rboption,
tlersne
of
tre
irsurd
fu
t'ris
purpase.
Wwew
ruql€$d
ry
fe
Ccrnpalry.
0e
iffirEd.
*
Sp
Cottptt's
s$€Bs,
dlall
gdvs
ttn
Gennpany
all
reasonaHg aid
lil
in
ary
ctkm
or
proceedirq.
strirg
widsrrs.
obeini4
wirws,
gwecutirq
or
defsding
tle
actim
or
proding.
retfectitg
sertdgnefiqand
liil
in srry
otnr
lsrvful
act
whidr
in
$e
odnion
of
tle
Cunpafiy
mry
b
recmsary
or
kir$le
b
esf,aHish
tts t'tb
t0
$e
stste
0{
inlsrBst
0tt}u
lfun
of
tle
ilsrd
rwtgap.
roirnrred.fi
ttg
Cdnpary
ir
feitdid
4
fu
feiluresf
t€ ir$rd
u ftcni$
ths
tsquird
cmperatim,
fB
Cottpttt's
@
dF
lJ
F]
za
EgE$ur{
E
 
$;
OLD
REPUBLICNATIONALTITLE
INSURANCECOMPANY
SCHEDULE
A
2.
3.
Name
andAddress
of Tiile
Insurance Company:
Old
RepuHlc
lthtionaf
TiteInsrance
Gompany,
{00
Second
Avenue
Soulfi,
Minneapolls,
illnnesota
53101
FileNo.:
ATSS479
Loan Nb.:Address
Refererne:
38
Lynn
Drlve
Byram,
l,|JAmount
ofInsurarpe:
$352,00o.m
Date
of
Pollcy:
September
T,ZW
1.
Name
of
lnsured:PolicyNo.:MM
889128it
Premium:
SB17.mWelle
Fargo
Banlq
l-lA"
lts euccessote
andror
assigns ss
lielr
inErest
mey
eppeer
The
estate or inlereet in
the
Land that
le
enctmbered
by
the
InsuredMortgage
is:
Fee
Simple
Tltle
is
vested
in:
Wlliam
Coehrane and
Mrry
Cochrane,
Hls
Wlle
Being tfre
eame
prop€rty
conveyed
to Wlllam
Cochrane
and
Mary Cochrane, Hls Wife byvlrtue
of
a
deed
from
illchsls
G.
Sbsa
and Gerald
A
Stassa,Jr.,Husband
and
Wia,
daH
June
14
2$tl,
and
rccoded
July
l,
2fiX1,
in
the
Clerlds
Otfice
ofSusser
County,
Nanv
Jersey, In
Book
27118,
atPage
218.
The
Insured Morlgage and
ite
asslgnments,if
any,
are deecribed
as folloute:
Mortgage
dated
June?,2@8,
trom
William Cochrane
and
Mary
Gocfinne,His
Wle
to
WellsFargoBanlg
NA
Inthe
orlglnal
pilndpat
amount
of
$352,0fi1.00
and
reoded
ScptcmberT,zffn,
in
thc
Clcrldr
O'tfcG
of Susex
Gounty,
l{ew
Jeney,
In
llortgage
Book
7755,
Pago
64.
Thb
Policy
inanpr
thatthe mortgngo Ineured
hareurder
ir
a
vdid
first
lisr
on thc
prcFrty
descdbed
heruln,Thelandrefened to
in
thls
Polky
h
described
as
follows:
(See
S0hdule
A
Continued)
NotE
for
InformationOnly:
The
larrd
refened
to
In
thls
Policy ls commonly
krpun
as
Lot 2l!,
in
Blockgll7.Ol,
onthe
tax
mapof the
Towncftlp
ol
Byram, County
ol
Suseel
Stabof
ibu
Jercey.
lssued at:
91
Clinton
Roed
Sulb28
Fairfiekl,l*t
07qH
ALTALoanPoliqt
(6/t7l06)
SchduleA
NJRS
2-18
Etfacliw:2l1g|7
CONFIDENTIA],
wF-cocHRiAlrE-109
AJhodz€d
Olficsr
or Agerd

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