Regulation

ALTA continues to work with Congress as it considers reform to the nation’s housing finance system. The title insurance and real estate settlement industry benefits from uniformity and standardization provided by Fannie Mae and Freddie Mac.

ALTA works closely with the U.S. Department of the Treasury to keep members informed of Geographical Targeting Orders (GTOs). GTOs apply to all title insurers, their subsidiaries and agents of (“Covered Business”).

The National Flood Insurance Program is critical to provide certainty to the housing market. Property owners need to have access to affordable flood insurance. Without flood insurance protection, homeowners will not be able to buy, sell or refinance real estate.

Document recording fees represent a very small percentage of the closing costs associated with a real estate transaction. However, if the recording fee is calculated incorrectly it may adversely affect the closing.

ALTA monitors Native American Lands legislation, regulation, case law, and ongoing litigation to determine its impact on title insurance and conveyancing and develop official positions regarding Native American Lands