FHFA chief says title-waiver expansion could come before year-end

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FHFA chief Bill Pulte said steps could be taken before the end of the year to expand Fannie Mae’s title-waiver pilot, according to National Mortgage News. The article says UWM and Rate are already participating, but does not describe the proposed expansion’s details.

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Why it matters

If expanded, title waivers could affect mortgage lenders and homebuyers, but the article does not say how the change would affect closing costs or which loans would qualify.

What happens next

Pulte said steps could be taken before the end of the year to carry out President Trump’s executive order. The article does not specify when an expansion would take effect or what its terms would be.

Whether FHFA announces steps to expand the pilot before year-end.

What lenders and loans would be covered by an expansion.