Packaging’s Success Mostly with HEL Transactions, Says Executive
The success of mortgage packaging in today’s market in the absence of Real Estate Settlement Procedures Act reform depends on the type of transaction, according to settlement service providers at a recent industry seminar. The popularity of guaranteed-cost packages and settlement service bundles often depends on whether it is a home-equity loan, a refinancing, or a purchase mortgage transaction, said Don Partington, executive vice president and general counsel of Fidelity National Title Insurance Co.…