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.”

Contact ALTA at 202-296-3671 or

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.