ALTA® Applauds Congress on Passage of Landmark Housing Legislation

July 26, 2008

WASHINGTON, Jul 26, 2008 -- American Land Title Association CEO, Kurt Pfotenhauer, issued the following statement on the Senate's passage of H.R. 3221:

  • "A person's ability to buy, own and sell a home is fundamental to our nation's economy. Congress' passage of this landmark housing reform legislation will help prevent further damage to already shaky housing markets.
  • "The American Land Title Association applauds the Administration and Congress in developing this bipartisan legislation to make needed changes to the Federal Housing Administration, encourage refinancing, counseling and legal services to help distressed borrowers stay in their homes, stabilize home prices, better regulate Fannie Mae and Freddie Mac and protect secondary lending markets if capital becomes less available in the future.
  • "This legislation is critical to struggling homeowners, the housing industry and our country's economic health, and I look forward to its enactment."

Source: The American Land Title Association®


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.