ALTA President Highlights Industry Issues in Video to Members of Congress

May 7, 2013

A video of ALTA President Frank Pellegrini highlighting issues impacting the land title industry was sent to members of Congress and their staff prior to Wednesday’s meetings on Capitol Hill.

Meetings have been scheduled for more than 200 members of Congress and their staff on Wednesday. The video provides information about the important role the title insurance industry plays in the real estate and mortgage transaction.

In the video, Pellegrini outlines the three major issues Federal Conference attendees will discuss with members of Congress and their staff. The issues are:

  1. The impact the CFPB’s proposed rule could have on their business and how the proposed three-day rule could cause delays to closings that could harm consumers.
  2. How ALTA’s “Title Insurance & Settlement Company Best Practices” help us provide trust and confidence to our consumers and lenders.
  3. The need to preserve strong uniform standards for role of title insurance when Congress begins reforming mortgage giants Fannie Mae and Freddie Mac.