TRD Special Report: On December 10, 2013, regulators summoned the nation’s biggest title insurance firms to 1 State Street. Much of the hearing focused on the technicalities of title insurance fees and covenants. Representatives of firms in attendance, including Fidelity National, First American, Old Republic, and Stewart, spoke of enabling “the American dream of homeownership.” But then came a question about strip clubs. Joseph DeSalvo, First American’s senior legal counsel, was asked why his company […]
source https://therealdeal.com/2016/03/24/inside-the-title-insurance-cartel/#new_tab
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