American Land Title Association
Home  >  Advocacy
Advocacy


SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software


North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.


HUD Extends Comment Period on New Housing Goals For Fannie Mae And Freddie Mac

June 28, 2004

Housing and Urban Development Secretary Alphonso Jackson extended the comment period on the new housing goals proposed for Fannie Mae and Freddie Mac. The proposed new federal regulations would significantly raise the targeted lending requirements for the nation's two largest mortgage finance companies. HUD estimates that over the next four years an additional one million low-and moderate-income families would be served as a result of the new goals.
Related Links:
HUD's Regulation of Government-Sponsored Enterprises

The proposed rule public comment period was scheduled to end on July 2, but due to consideration of the holiday weekend and various requests for additional time, HUD is extending the comment period for two weeks. The public comment period will now end July 16, 2004.

"Although the nation is experiencing record high homeownership rates, there is still more to be done,"said Jackson. "These government sponsored enterprises can and must further use their power in the marketplace to ensure that more low-income and minority families get on the path to homeownership."

By statute, HUD sets the annual affordable housing goals that require a percentage of Fannie Mae and Freddie Mac's lending go to underserved borrowers and communities. Following the public comment period and after consideration of comments received, HUD will publish a Final Rule before it takes effect in 2005.



Print Friendly


How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment