ALTA, which represents the title insurance monopoly, is criticized for promoting anti-consumer and anti- competition rhetoric to protect its monopoly. The document discusses how ALTA denigrates consumer choice in mortgage closing services and alternatives to title insurance. It notes that while the title insurance industry made $26 billion in 2021, it paid out less than 3% in claims, and that 75% of land title searches found clean title rendering insurance unnecessary. The document argues that alternatives like attorney opinion letters authorized by Fannie Mae and Freddie Mac provide valuable lower-cost options for consumers, and that ALTA's rhetoric claiming such alternatives threaten the industry lacks merit.