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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.


Senate Banking Committee Reports FHA Lending and GSE Regulatory Overhaul Bill

May 20, 2008

The Senate Banking Committee reported The Federal Housing Finance Regulatory Reform Act of 2008; H.R. 634, by a vote of 19-2. This bill will authorize the Federal Housing Authority (FHA) to refinance loans for borrowers who have existing subprime loans. It is a voluntary program for lenders to write down the balance on existing loans to 80% of the current market value of the property, and the FHA will refinance at that rate. The bill also includes the regulatory overhaul of the Government Sponsored Enterprises (Fannie Mae, Freddie Mac(GSEs)), and Federal Home Loan Banks. The bill includes language supported by ALTA on new product approval that will prevent "mission creep" by the GSE's into areas currently being served by the private markets. Click here to read the Committee's press release on the agreement and the bill.



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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
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