A plan to lower housing costs includes a pilot waiving lender’s title insurance on certain refinances. ALTA criticized it as offering a false promise of savings while increasing financial risk for consumers, lenders, and taxpayers, and not expanding affordable homeownership opportunities.

  • Read ALTA’s full statement here.
Understanding the Cost of Title Insurance

Use this document to showcase the benefits of title insurance as well as a cost breakdown analysis of how the money spent on title insurance is used. The median cost of title insurance and settlement services is 0.67% of the purchase price.

Protecting America’s Property Rights Act

Title insurance is the most effective way to protect the property rights of homeowners and the security of a lender’s mortgage. Historically, Fannie Mae and Freddie Mac (the GSEs) have required a lender’s title insurance policy on loans sold to them.

Protecting America's Property Rights Act One Pager

This one-pager breaks down the main talking points and benefits of title insurance to the American people.