Executive Office of Housing and Livable Communities reposted this
Today, HUD celebrates the 50th anniversary of the Housing and Community Development Act of 1974, which created several programs that are critical to HUD’s mission of providing all Americans with access to quality, safe, affordable homes in strong, inclusive communities. Read more about how these programs have benefited millions of American families: https://lnkd.in/eWGPTphY
Many are unfamiliar with GSE-authorized alternatives to title insurance, created to complement, not replace title insurance. Lenders and Realtors are urged to fulfill their fiduciary responsibility to inform and educate Borrowers of the benefits of considering a fully insured, low-cost alternative in selecting mortgage loan settlement services. iTitleTransfer is the nation’s first E2E provider of a Fully Insured Loan Closing Platform, authorized by Fannie Mae and Freddie Mac. iTitleTransfer’s proprietary platform includes search, examination, risk scoring, curative, AOL, escrow, eSigning, eNotary, eRecording and Deed Monitoring. iTitle’s platform insures lenders, borrowers and successors-of-interest for loan amount and life-of-loan, covering fraud, forgery, lien priority, CPL and duty-to-defend; for one-third the cost of title insurance. Consumers deserve choice in selecting settlement services. And, as you know, title insurance is a monopoly of four corporate conglomerates controlling 85% of $30 Billion in annual revenue, and according to SEC filings, pays less than 3% in consumer claims. www.iTitleTransfer.com
Many are unfamiliar with GSE-authorized alternatives to title insurance, created to complement, not replace title insurance. Lenders and Realtors are urged to fulfill their fiduciary responsibility to inform and educate Borrowers of the benefits of considering a fully insured, low-cost alternative in selecting mortgage loan settlement services. iTitleTransfer is the nation’s first E2E provider of a Fully Insured Loan Closing Platform, authorized by Fannie Mae and Freddie Mac. iTitleTransfer’s proprietary platform includes search, examination, risk scoring, curative, AOL, escrow, eSigning, eNotary, eRecording and Deed Monitoring. iTitle’s platform insures lenders, borrowers and successors-of-interest for loan amount and life-of-loan, covering fraud, forgery, lien priority, CPL and duty-to-defend; for one-third the cost of title insurance. Consumers deserve choice in selecting settlement services. And, as you know, title insurance is a monopoly of four corporate conglomerates controlling 85% of $30 Billion in annual revenue, and according to SEC filings, pays less than 3% in consumer claims. www.iTitleTransfer.com
I remember it well. I helped draft some of the original regulations on citizen participation and attended HUD’s first training session in Denver that fall. Hard to believe it’s been 50 years
Ooops... it's birthday is close to mine. 🤣
This is a great program for those who may be struggling with no idea on how to go forward. I hope to connect my students with this program one day to help those in need. I'm optimistic that those 2.3 million households were able to use HUD to get back on their feet and surpass those struggles!
HMDA is calling and so is RESPA.
Congratulations! This monumental program is the saving grace of creating affordable housing in the private sector! This program works!
Well done!
Congratulations! Please keep maintaining and servicing those houses and neighborhoods!!
Tackling Complex Community Issues, Designing New Solutions
2moThe Voucher program has been a wonderful bridge and a path out of homelessness to self sustaining success for so many. We need the U.S. Department of Housing and Urban Development Biden Administration and US Congress to work together to fund the program at a level that recognizes the need—more than 8000 on the waiting list here in Cincinnati and now on a 5 month pause in new applicants—and the inflationary cost of the dramatically rising rents since 2021. This tool out of homelessness and poverty can only help when it is available to those that need it.