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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.


Senate Banking Committee Holds Confirmation Hearing on HUD Nominee

May 22, 2008

The Senate Banking Committee held a confirmation hearing today for Steven Preston to be the next Secretary of HUD. Preston is currently the Administrator of the Small Business Administration. In response to a question from Senator Wayne Allard (R-CO) about concerns expressed about the proposed RESPA rule, Preston said he thought some of these would be addressed during the comment period. He said that any regulator should be aware of unintended consequences, especially on small businesses. He said he would push for better consumer understanding and clarity in settlements without overburdening the industry. Committee Chairman Chris Dodd (D-CT) indicated that he would work to quickly complete the confirmation process. It is unlikely that will occur until after the Senate returns from the Memorial Day recess which starts Friday.



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American Land Title Association
1800 M Street, NW, Suite 300S
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P. 202.296.3671 F. 202.223.5843
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