California Regulators OK New Title Pricing

The California Land Title Association has announced that state insurance regulators have approved new pricing for title insurance products that will cut the premiums of a policy to as low as $275 for a refinance or $85 for home equity line transactions.California is the battleground for Radian Lien Protection, an alternative program aimed largely at these types of transactions. Radian Group says RLP can save the state's consumers approximately $273 million this year. CLTA executive vice president Larry Green said the association's member companies are using technology to drive down prices across the board. "These new products build upon the discounted rates that title companies have been offering for many years on mortgage refinances and home equity loans,” he said.