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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.

Joint Letter Asking Congress to Encourage OFHEO to Withdraw Proposed Guidance Allowing Them to Decrease Conforming Loan Limit

July 16, 2007

   Related Information
Joint Letter to Senate Banking Committee Leadership

Joint Letter to House Financial Services Committee Leadership

The Mortgage Bankers Association (MBA), along with the National Association of Home Builders (NAHB) and the National Association of Realtors (NAR)have sent the attached joint letters to the leadership of the House Financial Services Committee and the Senate Banking Committee asking that they encourage the Office of Federal Housing Enterprise Oversight (OFHEO), the regulator of Fannie Mae and Freddie Mac, to withdraw proposed guidance that would allow the regulator to decrease the conforming loan limit.

The conforming loan limit, which is set according to a statutory formula, has never been decreased by OFHEO. The limit is used to determine which loans are eligible for purchase and securitization by the GSEs. In addition, the upper limits for the FHA and VA government loan programs are tied to the conforming loan limit.

Source: MBA

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American Land Title Association
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Washington, D.C. 20036-5828
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