Biden's Plan to Cut Costs for Homebuyers Faces Backlash from Title Insurance Companies

Politics Новости

President Biden is seeking ways to cut costs for homebuyers by trimming fees associated with loans and eliminating title insurance for some borrowers. This move has faced backlash from title insurance companies, who argue that it would do little to lower housing costs while raising risks for buyers and taxpayers. Lower housing costs are a key focus of Biden's reelection campaign platform as Americans struggle with high rent and mortgage rates.