About ALTA:
The ALTA means American Land Title Association, founded in 1907, is a national trade association representing more than 4,000 title insurance companies, title agents, independent abstracters, title searchers, and attorneys and the offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.
They are American Land Title Association (ALTA) applauds the Federal Housing Finance Agency (FHFA) for issuing a final rule limiting Fannie Mae and the Freddie Mac and the Federal Home Loan Banks from investing in mortgages encumbered by certain types of private transfer fee covenants.
And the ALTA commends the FHFA for protecting consumers from predatory fees that provide no direct benefit to the property,” said Michelle Korsmo, chief executive officer of ALTA says association representing companies that provide homeownership assurance to we know firsthand that transfer fees with no direct benefit to the property hinder the safe and secure transfer of real estate.
And the state level, 38 states have bans or restrictions in place against the use of this dangerous fee to takes home equity in the lowers home resale values and adds another layer of difficulty to selling a home.
The ALTA means American Land Title Association, founded in 1907, is a national trade association representing more than 4,000 title insurance companies, title agents, independent abstracters, title searchers, and attorneys and the offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.
They are American Land Title Association (ALTA) applauds the Federal Housing Finance Agency (FHFA) for issuing a final rule limiting Fannie Mae and the Freddie Mac and the Federal Home Loan Banks from investing in mortgages encumbered by certain types of private transfer fee covenants.
And the ALTA commends the FHFA for protecting consumers from predatory fees that provide no direct benefit to the property,” said Michelle Korsmo, chief executive officer of ALTA says association representing companies that provide homeownership assurance to we know firsthand that transfer fees with no direct benefit to the property hinder the safe and secure transfer of real estate.
And the state level, 38 states have bans or restrictions in place against the use of this dangerous fee to takes home equity in the lowers home resale values and adds another layer of difficulty to selling a home.
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