[Dems_R_Losers]

This is an incredible cave-in by the Bush Administration. You can look forward to continuing to pay rip-off prices for title insurance, closings, and other loan related services, and forget about knowing how much you are actually going to pay before you get to the closing table. The Realtors and mortgage bankers have killed this reform to protect their profits.

[Dubya]

It needed to be killed IMO.

[Dubya]

forget about knowing how much you are actually going to pay before you get to the closing table

I have been to a lot of closing. I have never been to one where the buyer didn't know how much he was going to pay.

In TX the State sets the price of Title Ins.

[Hank Rearden]

Hmmmmmmm . . . my copy of the US Constitution doesn't give the Feds power over any of this stuff.

Maybe it's an obsolete version; it seeks to limit Big Stupid Government, not enable it.

[agitator]

"The Realtors and mortgage bankers have killed this reform to protect their profits."

It's actually much worse than it looks. All the banksters do is create an account with your name on it, monetize your mortgage note, then effectively loan you your own money at interest. What is the bankster rate of return on an investment that cost them nothing?

[cinFLA]

This is an incredible cave-in by the Bush Administration. You can look forward to continuing to pay rip-off prices for title insurance, closings, and other loan related services, and forget about knowing how much you are actually going to pay before you get to the closing table. The Realtors and mortgage bankers have killed this reform to protect their profits.

I have been in about 10 sales/purchases of homes and have never been ripped off. Estimates were always VERY close if not exact.