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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.

Reps. Baker, Kelly, Ney Question Fannie Mae on First Beneficial Loan Sale

December 2, 2004

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Three House Financial Services Subcommittee Chairs have written to Fannie Mae Chairman and CEO Franklin D. Raines asking a series of questions regarding a sale of fraudulent loans to Ginnie Mae. According to news reports, the sale allegedly was accomplished with the knowledge of Fannie Mae officials.

Capital Markets, Insurance, and Government Sponsored Enterprises Subcommittee Chairman Richard H. Baker (LA), Oversight and Investigations Subcommittee Chairwoman Sue Kelly (NY), and Housing and Community Opportunity Subcommittee Chairman Robert W. Ney (OH) are concerned about taxpayer risk that may have been created when the fraudulent loans were sold to Ginnie Mae.

Answers are due back to the Financial Services Committee by January 14, 2005.

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