Title insurance helps homeownership for Black Americans and others
Afro - 2024-04-18T13:01:00.000Z

The Biden-Harris Administration is considering a pilot program to waive title insurance requirements for certain qualified homeowners, but this could have negative consequences for low-income and minority communities and could increase risk for little gain.

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CFPB Could Block Lenders From Charging for Title Insurance
America’s leading consumer watchdog is reportedly weighing a sweeping change to the title insurance industry. As Bloomberg News reported Wednesday (April 10), the Consumer Financial Protection Bureau (CFPB) is considering whether to forbid mortgage bankers from charging homeowners for title insurance, ending a long-held practice. Sources say the CFPB’s plan is in the early stages. […]
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CFPB Could Block Lenders From Charging for Title Insurance