HUD targets title insurance commissions for RESPA scrutiny
Article Abstract:
The Dept of Housing and Urban Development and the Texas Department of Insurance have issued policies to protect consumers from kickbacks and unnecessary referral fees involving title insurance companies and agents for services performed. The guidelines issued are in accordance with RESPA's Section 8 rules on unearned referral fees, which bars individuals from giving or receiving fees or kickbacks for the referral of settlement service business and forbids individuals from acquiring or providing any percentage of any fee for settlement services not actually administered.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1997
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Title insurance issues for mortgage lenders
Article Abstract:
Issues concerning the protection offered by title insurance are discussed. The limitation of loan policy coverage is encouraging lenders to obtain an owner's policy after acquiring title through foreclosure.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2000
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New advances and tools for lenders and counsel in title insurance
Article Abstract:
Title insurance can provide real estate investors with protection against several kinds of losses. Real estate lawyers can help their clients to obtain the best policy for their needs.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2001
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