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Bill Pulte reports that Fannie Mae is actively working to expand its title pilot program, particularly focusing on title insurance for home refinancings.
He highlights that the goal is to push for efficiencies and lower costs in title insurance, provided safety and soundness are maintained. Pulte mentions that announcements from Fannie Mae are expected soon.
Pulte has previously highlighted strong liquidity at Fannie Mae and Freddie Mac, citing positive momentum in the MBS market and mortgage spreads. Recent market activity has focused attention on efforts to reduce costs in mortgage-related services. These developments come as Fannie Mae prepares further announcements regarding its title insurance program.