New England Regional Midweek Update January 2025

This document is a Midweek Update providing information relevant to Stewart Partners. It includes details about Fannie Mae's Title Acceptance Pilot, which aims to reduce closing costs for borrowers by waiving lender title insurance requirements for certain refinance transactions. The pilot is scheduled to launch in 2025 and will last for 18 months, with an estimated cost reduction of $500 to $1,500 per loan. The update also discusses a recent Vermont Superior Court decision regarding a right-of-way case and reminds notaries in Vermont of the upcoming renewal deadline for their commissions. Additionally, it outlines best practices to avoid financial fraud schemes that utilize Generative AI technology. The update emphasizes the importance of understanding the implications of these developments in the context of title insurance and consumer protection.