Washington Quietly Scrapped a Plan to Save Homeowners Thousands of Dollars - WSJ

Fannie and Freddie generally require it on the loans they purchase from lenders. The policy, known as “lenders’ title insurance,” typically costs the borrower around 0.5% of their loan amount, so it could cost about $1,500 for a $300,000 mortgage.  

I love buying insurance to protect my lender’s assets, which they only need so they can sell my mortgage to someone else. As if the fixed rate of return wasn’t enough…