Reported Fannie Mae Pilot Moves Beyond Charter into Title Insurance Business
March 7, 2023
Fannie Mae is reportedly considering a pilot program that grants certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae. This would be in place of traditional title insurance. ALTA and several members of Congress have raised concerns with Fannie Mae moving beyond its charter and the additional risk put on lenders, consumers and the economy.
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