White House Touts Title Insurance Waiver Program as Promise of SavingsBut Program Doesn't Help First-Time Homebuyers or Low-Income Households, says American Land Title Association
In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.
- In reality, the pilot only covers refinancings – which would exclusively benefit existing high-income homeowners and would not affect first-time homebuyers at all.
- Ninety percent of title companies are small businesses, many of them women-owned, and these businesses operate in every county in the country.
- The American Land Title Association (ALTA) is committed to working with policymakers to thoughtfully address housing affordability and opportunity while also protecting consumers and their most important investments.
- To read ALTA's previous statement on the White House announcement of the waiver pilot program click here: ALTA Says White House Attack on Title Insurance Offers False Promise of Savings
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