Title insurers claim that because Radian's lien protection offers narrower protection than regular title policies, it's a threat to consumers.
[C5.] 3 Title Insurers to Pay $22.8 Million Settlement The three largest title insurers in the country agreed to pay $22.8 million to settle charges that they paid kickbacks for business referrals.
It wasn't until after the Great Depression that big insurers started eyeing title-industry profits, and the title firms found a clever way to fight back not by lowering prices but with state laws that walled off the industry from outside competition.
Title insurers have the same concerns".
Some states have looked into the arrangements between title insurers and referral sources, including New York.
But lawyers and title insurers say the law may have some unintended consequences.
Title insurers have paid more than $35 million to settle regulatory complaints in more than 30 states.
Title insurers have been trying to gauge the risk associated with faulty foreclosures re-entering the real estate market.
While the banks were pressing the pause button on many foreclosures, some title insurers were growing concerned as well.
Like the rest of the mortgage industry, title insurers have been battered by the collapse of the real estate market.
