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U.S. Consumer Financial Protection Bureau
Lawsuit puts scrutiny on title insurance kickbacks
Lawsuit puts scrutiny on title insurance kickbacks

A new federal court suit alleging kickback violations by one of the country's top-producing real estate sales teams raises an unsettling question for home buyers: Could your agent or broker be pocketing under the table large chunks of what you pay for title insurance? Some legal analysts say the litigation should be a wake-up call for realty brokers and their customers nationwide. It focuses fresh attention on the often murky financial relationships that exist between title insurance agencies and realty firms — relationships that have been drawing increasing scrutiny from the federal Consumer Financial Protection Bureau. The suit, which was filed in U.S. District Court in...

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