Fannie Mae Expands Allowance for Attorney-Opinion Letters Instead of Title Insurance. What Is the Backlash All About?

In this article As part of its goal to increase affordable mortgage access for homebuyers in the United States, Fannie Mae announced in December that it would accept attorney-opinion letters (AOLs) in place of title insurance with more mortgages. While AOLs have been allowed by the government-sponsored enterprise on select mortgages since 2022, the decision expands eligible mortgages to include … Read more