Real estate news: Settlement affects 600 state residents

Nearly 600 Washington consumers will share in a $2.5 million multistate settlement with title insurer Fidelity National for providing kickbacks to Wells Fargo, state Insurance Commissioner Mike Kreidler said last week.

Refunds will range from $20 to $60.
According to the settlement, some Wells Fargo home-loan customers were directed to Fidelity National for title insurance, and Fidelity National passed a portion of their premiums to a reinsurance company owned by Wells Fargo.

Compiled from Seattle Times staff and Bloomberg News
Copyright © 2005 The Seattle Times Company

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