Fannie Mae To Require New American Land Title Association® (ALTA®) Title Insurance Forms
July 9, 2007
Summary:
Mortgage loans delivered to Fannie Mae for purchase or securitization must have title insurance policies that provide title protection, generally the standard ALTA forms. The standard ALTA title insurance policy forms were revised in 2006; therefore, Fannie Mae is encouraging lenders to begin obtaining title policies written on the 2006 ALTA forms as soon as possible in states in which ALTA forms are approved for use. Use of the 2006 ALTA forms in those states will be required for all loans sold and delivered to Fannie Mae on and after January 1, 2008.
Contact ALTA at 202-296-3671 or [email protected].