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The White House’s Focus on Closing Costs: Long Overdue and Worth the Fight (Part 2)

The Stoop (NYU Furman Center)

Introduction The high level of closing costs has been placed onto housing policy’s front burner by two recent events. Four recent events indicate that the decades-long blocking of reforms to re-establish full price competition in housing and mortgage markets may no longer work quite so well going forward. ” [link].

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Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)

The Stoop (NYU Furman Center)

Together, these two events make clear that closing costs are moving to the front burner of housing policy. In 2007, the Government Accountability Office (GAO), a non-partisan research arm of Congress, studied title insurance. The 2007 GAO report indicates this has been the historic practice in the title insurance business.

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