Fannie Mae May Expand Title Waiver Pilot Program

Bill Pulte, director of the Federal Housing Finance Agency (FHFA), recently announced an upcoming expansion of the title waiver program that started in 2024. Director Pulte posted the announcement on X, the social media platform.

“Fannie Mae is working actively to expand its title pilot program, especially on title insurance for home refinancings “As long as it is safe and sound, our team is pushing for efficiencies and lower costs in title insurance. Announcements coming soon from the Fannie Team!”

According to Fannie Mae, the program is a limited test that allows certain qualifying refinance mortgages, ones that it considers to have a low title risk, to be sold without requiring a lender’s title insurance policy or an attorney opinion letter. It is intended to lower the cost for borrowers by using AI to manage title risk.
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The American Land Title Association (ALTA) has pointed out the risks of going without policies of title insurance, particularly considering the levels of fraud and forgery claims in refinance transactions