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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Dangers of Private Transfer Fee Scheme Discussed on Capitol Hill

June 3, 2010

ALTA’s efforts to ban the use of private transfer fee covenants, also known as Wall Street Home Resale Fees, gained momentum Wednesday, May 27, as Rep. Brad Sherman (D-Calif.) raised the issue during the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises hearing on FHFA oversight.

Sherman pointed out the dangers of this financial scheme and asked FHFA Acting Director Ed DeMarco if Fannie Mae and Freddie Mac would participate in transactions that involved PTFs. DeMarco said he was troubled in learning about this issue and expected to release a policy in the near future.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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