Protecting America's Property Rights Act

This bill requires Fannie Mae and Freddie Mac, two government-backed companies that help keep the mortgage market running, to create rules about using products like title insurance to protect against problems with property ownership, such as hidden liens or defects in a property's title. These protective products must be regulated by the state. If a mortgage doesn't meet these new rules, Fannie Mae or Freddie Mac must set aside an extra 1% of the remaining loan amount as a financial cushion.

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