On Thursday, U.S. Reps. Andrew Garbarino, R-N.Y., and Vicente Gonzalez, D-Texas, introduced House Bill 5837.
According to the bill, GSEs would be prohibited from purchasing conventional mortgages for one- to four-unit properties unless the loans have primary-lien title insurance.
The text of the House bill has not yet been published, but the contents of the Senate bill state these requirements.
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