Title Insurance Marketplace

Witnesses testified about the real estate title insurance marketplace and the need to create more competition and efficiency for… read more

Witnesses testified about the real estate title insurance marketplace and the need to create more competition and efficiency for consumers. Topics included kickbacks from title insurance companies, excessive title insurance premiums, and lack of comparison pricing for consumers. They also recommended legislation for tighter regulation of the markets in all states.

In January 2006, in response to state and federal investigations, the House Financial Services Committee asked the Government Accountability Office to conduct a comprehensive study of the title insurance marketplace. State regulators found violations of the Real Estate Settlement Procedures Act such as title companies making payments for referrals to developers. Also abuses were found of reinsurance agreements and there were anti-competitive practices in the title industry. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

People in this video

  • Cunningham, Gary M. Deputy Assistant Secretary Department of Housing and Urban Development->Regulatory Affairs and Manufactured Housing
  • Hunter, J. Robert Director Consumer Federation of America->Insurance
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Title Insurance Marketplace

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Program ID:
192216-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
May 1, 2006
Last Aired:
May 5, 2006

Airing Details

  • May 01, 2006 | 7:59pm EDT | C-SPAN 3
  • May 02, 2006 | 3:06am EDT | C-SPAN 1
  • May 02, 2006 | 5:51am EDT | C-SPAN 2
  • May 02, 2006 | 3:54pm EDT | C-SPAN 3
  • May 05, 2006 | 10:02am EDT | C-SPAN 3
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Title Insurance Marketplace

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