Fannie Mae considers forgoing title insurance

Title Insurance - Business

The government-run company is considering eliminating this requirement for some mortgage lenders. Fannie Mae is considering a program that would bypass the need for title insurance and attorney opinion letters, according to a number of recent media reports. The program would allow certain mortgage lenders to be able to waive the requirements for the coverage. The program Fannie Mae is considering would waive required title insurance coverage for some lenders on loans sold to the government-run company, according to a recent The Real Deal report. Fannie Mae backs trillions of…

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Force placed insurance regulations to be altered in the United States

force placed insurance

The FHFA now intends to ban mortgage lenders from being able to receive payments. The Federal Housing Finance Agency (FHFA) is now working to ban mortgage companies from being able to receive lucrative payments in order to arrange for forced placed insurance on behalf of homeowners in certain situations, such as when an existing policy has been allowed to lapse or has gone unpaid, against the agreement of the loan. The U.S. housing regulator is working to stop this controversial payments practice from continuing. Government officials have revealed that force…

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Federal Housing Finance Agency reveals strategy to boost business

The Paragon Report has now been released, providing an analysis of the opportunities for investment in the property and casualty insurance industry as well as MGIC Investment Corporation and Radian Group , Inc. equity research. Earlier in September, the acting director of the Federal Housing Finance Agency (FHFA), Edward DeMarco, gave a number of different explanations of the ways in which there would be changes to the conservatorship of the Government Sponsored Enterprises (GSEs). Some of those changes included a new method for decreasing the exposure to long-term risk by…

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