Fannie Mae Wants To Pedal An Alternative To Title Insurance: What Could Possibly Go Wrong?

Oct. 19, 2022 3:04 PM ET1 Comment
Jared Whitley profile picture
Jared Whitley


  • National Association of Home Builders CEO Jerry Howard admitted the housing market is in a recession.
  • To "help" the housing market, Fannie Mae announced it would be accepting written attorney opinion letters (AOLs) in lieu of a title insurance policy.
  • In the case of home ownership, AOLs have no substantive weight behind them: there's no rigorous state level insurance regulatory oversight or consumer protections as title.
  • Title insurance protects the policyholder for as long as they or their heirs own the property. Removing this protection destabilizes the housing market for sellers, buyers, and investors.

Full length of saleswoman greeting female customers while standing outside house

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In 2007, Salon predicted the sub-prime financial crash with its cleverly named “Implode-O-Meter” – if they brought it back today would anyone notice this time?

While the housing market was insanely hot at the top of

This article was written by

Jared Whitley profile picture
Jared Whitley is a long-time Washington politico, having worked in the US Senate, the White House, and the defense industry. He writes with a specific eye on how actions in Washington will affect Wall Street and the broader economy. A world-traveler, Jared attended both the Free University of Berlin and Hult International Business School in Dubai, where he earned his MBA.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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