FHFA Launches Title Acceptance Pilot Program to Reduce Closing Costs

On March 7, 2024 the Federal Housing Finance Agency (FHFA) announced a pilot program for automated title acceptance. The limited duration program is eligible in certain geographies on refinance transactions with 80% or less LTV%.  The program enables borrowers to save anywhere from $300 to $1500 in closing costs. Lenders are required to warrant that…

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