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First American: Settlement fees less than 1 percent of total loan costs
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Industry News
Tuesday, December 19, 2023
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Analysis from First American Financial Corp. finds that fees for title insurance and settlement services are well below those of other costs charged to borrowers over the life of the mortgage loan.
Research points to an inaccurate conclusion drawn from Fannie Mae’s 2021 study of borrower life-of-loan costs and details updates for better accuracy from Fannie Mae’s own updated research in 2022.
Read on to find out more information.
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