What Explains Variation in Title Charges? A Study of Five Large Markets

Prepared for U.S. Department of Housing and Urban Development Office of Policy Development and Research, June 2012

68 Pages Posted: 20 Jul 2012

See all articles by Robert Feinburg

Robert Feinburg

affiliation not provided to SSRN

Daniel Kuehn

The Urban Institute

Signe-Mary McKernan

The Urban Institute - Center on Labor, Human Services and Population

Doug Wissoker

The Urban Institute

Sisi Zhang

The Urban Institute

Date Written: June 20, 2012

Abstract

Title insurance and settlement costs represent a substantial proportion of real estate closing costs paid by consumers and add significantly to the cost of purchasing a home. This study uses data on mortgages in counties covering five major metropolitan real estate markets to estimate the extent of variation in title charges faced by consumers and the factors associated with those charges. The analyses address the following research questions:

How much do title charges vary? What factors are associated with variation in total title charges and components of title charges? How much variation in these charges remains unexplained after controlling for a series of factors commonly thought to influence title charges?

Keywords: Insurance, HUD, Housing, 2012

Suggested Citation

Feinburg, Robert and Kuehn, Daniel and McKernan, Signe-Mary and Wissoker, Doug and Zhang, Sisi, What Explains Variation in Title Charges? A Study of Five Large Markets (June 20, 2012). Prepared for U.S. Department of Housing and Urban Development Office of Policy Development and Research, June 2012. Available at SSRN: https://ssrn.com/abstract=2112297 or http://dx.doi.org/10.2139/ssrn.2112297

Robert Feinburg (Contact Author)

affiliation not provided to SSRN ( email )

Daniel Kuehn

The Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States

Signe-Mary McKernan

The Urban Institute - Center on Labor, Human Services and Population ( email )

United States

Doug Wissoker

The Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States

Sisi Zhang

The Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States

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