Federal housing pilot program escalates risk

 

• The global financial collapse was 15 years ago.

• Fannie Mae wants to launch a pilot program that would allow it to take over title insurance from the thousands of small businesses that now offer it.

• Title insurance is an important, though tiny, slice of the expenses paid when someone buys a house.

• Reducing closing costs for low and moderate-income families, on the other hand, is a good idea.

• Charles Sauer is president of the Market Institute.

https://humanevents.com/2023/04/22/federal-housing-pilot-program-escalates-risk