US HB3206

Requires Fannie Mae and Freddie Mac to manage title-related risks (liens, encumbrances, title defects) using only third-party products regulated by state insurance authorities or state regulators

Imposes an additional 1.00% capital requirement on the unpaid principal balance for any mortgage purchased by the Enterprises that does not use these state-regulated title protection products

Directs the FHFA Director to issue regulations and guidance within 180 days of enactment to ensure compliance and verify that title products are appropriately regulated

Amends Section 1108(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to add these prudential management requirements