FnF aren't in the business of Title Insurance. It could be deemed a credit enhancement operation barred in the Credit Enhancement clause of the Charter Act, like the CRT operations and, by the way, the prior PLMBS.
It should be a flat fee because the service provided relates to a deed, not the mortgage loan dollar amount. And, if it's a high cost, is an issue for the Judiciary Committees in the House and the Senate.
In refinancings, it drops to 0.4%, I've found out. Yet, a notary is still necessary because it's a new mortgage loan. A new deed.
The letters of opinion by attorneys are worthless and subject to conspiracies.
Can you imagine the Fanniegate attorneys accused of abuse of court process in their frivolous lawsuits aiming to rip off the shareholders, Brydon Fisher, David Thompson, Hamish Hume, etc., signing an attorney-opinion letter?
There is a reason why a notary exists.
The U.S. is slashing everything that adds up to protection, like a collateral in:
-Unbacked crypto scam,
-Money printing without Forex reserves to back it up.
-Sale of NPL or RPL without taking possession or considering the REO-collateral (RPL bundled into UMBS again)
-Let alone backing up the European allies in fraud, with their fraudulent ECB Payment Systems Target 2 and TIPS, where no one pays its bills. A scheme attached to their EURO cryptocurrency called "Book Money" with an exchange rate 1:1 with the Euro (Postings in the banks' accounts at the ECB, converted into euros only when it exits the ECB balance sheet) that, because it isn't legal tender, it isn't recorded in the statistics of Money in Circulation (M2) (Financial Statement fraud? Sounds familiar?)
Or, in this case, the figure of a notary.
