FirstAm Offers Aid to Fire Victims

First American Title Insurance Co., Santa Ana, Calif., is offering property owners who seek post-wildfire reconstruction loans a 50% reduction in the title insurance fees associated with securing those loans.The reduced rate will apply to any reconstruction loan taken two years after the date the disaster was declared. The company said the program has been available to California property owners for decades. One of the most recent uses for the product in Southern California came after the 1994 Northridge earthquake.

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS