American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Government-Sponsored Enterprises Important to Home Buyers and Sellers

November 13, 2006

NEW ORLEANS, -- It is in the best interest of homeowners, buyers and sellers, that the nation has strong, viable and flourishing government-sponsored enterprises (GSEs), said Thomas M. Stevens, president of the National Association of Realtors(R), at the association's Regulatory Issues Forum here yesterday.

The forum, a part of NAR's annual Conference & Expo, focused on the important role GSEs, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks play in promoting homeownership. The forum also covered proposed increased regulation by the Bush administration and proposed regulatory reform legislation.

"Congress has been stalemated on what to do and the Bush administration continues to press for regulatory reform that essentially means more regulation -- tighter regulation -- of the housing enterprises. Severely limiting regulation does not serve the housing, real estate industry or the financial industry well," said Stevens.

"NAR believes it is in the best interest of home sellers and buyers that housing GSEs not become over-regulated and restricted from achieving their important mission of providing affordable mortgages to all qualified potential home buyers.

Congress chartered Fannie Mae and Freddie Mac to facilitate a residential, secondary mortgage market that provides a stable supply of funding to mortgage lenders. Congress created the FHL bank system in 1932 to improve the supply of housing funds to member financial institutions in the system's regional districts. Those enterprises have continued providing housing funds to financial institutions, supporting housing as their core mission. GSEs assure that homeownership opportunities are funded consistently.

"The housing industry thrives because the GSEs make mortgage credit consistently available for home buyers at reasonable costs," said Patti Cook, executive vice president of Freddie Mac. "We support strengthened oversight; however, it's critical that any new structure allow us to continue to meet our vital housing mission."

"Federal Home Loan Banks, and other GSEs, are a vital tool against possible credit crunches and are a reliable, readily accessible funding partner, bridging Wall Street with Main Street. We keep the cost of borrowing low for our members, which helps keep costs low for potential homebuyers," said John Price, president and CEO of the Federal Home Loan Bank Board of Pittsburgh.

Source National Association of Realtors

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment