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American Land Title Association Statement on Yellen Hearing

February 11, 2014

ALTA's Press Release In Response to Statements from Federal Reserve Chair Janet Yellen

Washington, D.C., February 11, 2014 — The American Land Title Association (ALTA), the national trade association of the land title insurance industry, released the following statement today from CEO Michelle Korsmo in response to statements from Federal Reserve Chair Janet Yellen during a House Financial Services hearing today:

“We appreciate the Federal Reserve Chair once again highlighting the importance of reforming the GSEs this year,” said Michelle Korsmo, ALTA’s chief executive officer. “As Congress debates this issue, we must make certain that mortgages continue to be insured by a title insurance company. The recognition of the value of title insurance as a risk management standard is a vital component for any housing finance reform solution. We look forward to continuing our dialogue with Members of Congress as they address the future of Fannie Mae and Freddie Mac.”



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