Leading U.S. mortgage lenders United Wholesale Mortgage (UWM) and Better have joined Fannie Mae’s pilot program that waives lender title insurance requirements for certain refinance transactions, HousingWire has learned.

The initiative, announced by President Joe Biden during his March 2024 State of the Union address, seeks to reduce closing costs as part of his broader “war on junk fees.” The Federal Housing Finance Agency (FHFA) approved the pilot, framing it as a step toward more affordable homeownership.

But the details ⇒

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