[Reposted from ALTA.COM - login required to read entire article]
Fannie Mae to Charge Fee to Cover Risk Under Title Waiver Pilot; Pushes GSEs into Insurance Business
March 14, 2024
Fannie Mae will charge lenders a fee to cover risk under
a proposed title waiver pilot program announced by the Biden
administration. The program essentially turns the government sponsored
entities (GSEs) into primary market insurers and expands authority
beyond their mission and charter.
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