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It LOOKS LIKE title companies have a new competitor

Posted By Robert Treuber, Friday, March 15, 2024

[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.

Click HERE to learn more.

Tags:  Fannie Mae  GSE  Title Waiver Pilot 

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The New York State Land Title Association, Inc. advances the common interests of all those engaged in the business of abstracting, examining, insuring titles, and otherwise facilitating real estate transactions. The Association promotes the business and general welfare of its Members and protects real property title holders’ ownership rights.