ALTA Comments on FHFA's Private Transfer Fees Proposed Guidance

October 15, 2010

ALTA submitted a comment letter Oct. 15 applauding the Federal Housing Finance Agency for its guidance to the Fannie Mae and Freddie Mac on the growing use of private transfer fee covenants and their negative effect on consumers, the enterprises and Federal Home Loan Bank.

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Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.