12:59 PM EDT, 04/10/2024 (MT Newswires) -- Stocks of title insurance companies were among those that dropped in recent trading after Bloomberg reported Wednesday that the Consumer Financial Protection Bureau is considering whether to bar mortgage bankers from charging homebuyers for title insurance that protects lenders.

Fidelity National Financial ( FNF ) shares slid 7.8%, First American Financial ( FAF ) shares retreated 7.4%, and Stewart Information Services ( STC ) shares fell 6.8% in recent Wednesday trading.

The CFPB's plan is in the initial stages, but the agency will issue a broad request for information on closing costs, including title insurance, as soon as April, the report said, citing unnamed sources.

A CFPB spokesperson declined to comment on a specific proposal or plan but provided MT Newswires with a statement about the agency's work on closing costs.

"The CFPB is looking carefully at closing costs and fees consumers may encounter throughout the mortgage process," the spokesperson told MT Newswires. "We are working with agencies across the government to foster greater competition in the mortgage market and help Americans save money when purchasing or refinancing a home."

Price: 48.67, Change: -4.11, Percent Change: -7.79