Featured Resources
Advocacy
Title Acceptance Pilot Outline
In March 2024, a Title Acceptance Pilot was announced that waives the requirement for lender’s title insurance on certain refinances. ALTA described the initiative as a policy move that offers a perceived promise of savings for homeowners while potentially exposing consumers, lenders, and taxpayers to increased financial risk.
Staff Document
Understanding the Cost of Title Insurance
Title insurance is the most effective way to protect the property rights of homeowners and the security of a lender’s mortgage. Historically, Fannie Mae and Freddie Mac (the GSEs) have required a lender’s title insurance policy on loans sold to them. The median cost of title insurance and settlement services is 0.67% of the purchase price.
Advocacy
Protecting America’s Property Rights Act
Introduced in both the Senate and House, the bipartisan Protecting America’s Property Rights Act would require all loans purchased by Fannie Mae and Freddie Mac (the GSEs) to be protected by state-regulated title insurance policies.
Policy + Tools
Understanding the Cost of Title Insurance
Use this document to showcase the benefits of title insurance as well as a cost breakdown analysis of how the money spent on title insurance is used. The median cost of title insurance and settlement services is 0.67% of the purchase price.
Protecting America’s Property Rights Act
Title insurance is the most effective way to protect the property rights of homeowners and the security of a lender’s mortgage. Historically, Fannie Mae and Freddie Mac (the GSEs) have required a lender’s title insurance policy on loans sold to them.
Protecting Americas Property Rights Act One Pager
This one-pager breaks down the main talking points and benefits of title insurance to the American people.
In the News
Fannie Mae to Charge Fee to Cover Risk Under Title Acceptance Pilot; Pushes GSEs into Insurance Business
Fannie Mae will charge lenders a fee to cover risk under a proposed title acceptance pilot program. The program essentially turns the government-sponsored entities (GSEs) into primary-market insurers and expands their authority beyond their mission and charter.
ALTA Says White House Title Acceptance Pilot Is ‘Bad Politics, Bad Process, Bad Policy’
ALTA continues to voice significant concern with the pilot program that would waive the requirement for lender’s title insurance on certain refinances.
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