FHFA Updates GSE Equitable Housing Finance Plans
April 11, 2023
The Federal Housing Finance Agency (FHFA) on April 5 released updates to Fannie Mae and Freddie Mac’s equitable housing plans, expanding the scope of road maps the government sponsored enterprises (GSEs) have drawn up with the aim of closing the racial homeownership gap. Specific to the title industry, the updates provide additional information about the use of attorney opinion letters (AOLs) by the GSEs and references a title pilot program Fannie Mae is pursuing that reportedly would waive title insurance on certain transactions. Fannie Mae’s updated plan also noted that in 2023 it will add heirs property to their research topics. This is an issue ALTA has been focused on since last year.
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