ALTA Urges Congress to Review Housing Lien Risks Amid Fannie Mae Pilot Expansion
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What happened
The American Land Title Association urged members of Congress to review lien-related risks in the housing sector. Separately, Federal Housing Finance Agency Director Bill Pulte stated that Fannie Mae's title waiver pilot program is on track for expansion in early December.
Why it matters
The title waiver pilot aims to reduce borrowers' closing costs by eliminating the need for title insurance or attorney opinion letters for certain low-risk refinances. However, a bipartisan group in Congress has proposed strict guardrails, which ALTA is urging policymakers to consider.
Who's involved
- ALTAUrged Congress to review lien-related risks in the housing sector.
- Bill PulteServes as Director of the Federal Housing Finance Agency.
- Fannie MaeIs running the title waiver pilot program to reduce borrower costs.
- Chris MortonCEO of ALTA, commenting on the need for consumer protection.
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The entities involved
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ALTA
Nothing else this week.
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Federal Housing Finance Agency
U.S. federal agency
Nothing else this week.
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Bill Pulte
American philanthropist and executive
Related events
- Bill Pulte leveraged his influence with Donald Trump to push for a veto of a bipartisan housing bill.
- FHFA Director Bill Pulte chairs the Fannie Mae and Freddie Mac boards and is the policy lever for the potential 2026 partial IPO of the GSEs.
- Trump signed an order directing the Federal Housing Finance Agency (FHFA) to pursue cost reduction measures.