"Freddie Mac's new acceptance of attorney opinion letters on loans purchased on condominium units will not lead to cost savings in many, if not most, instances, but it will expose additional consumers and lenders to unneeded risk and weaken protection of their property rights," Diane Tomb, ALTA's CEO, wrote in an email. "Unregulated attorney opinion letters provide no coverage for some of the most frequent reasons for claims, such as fraud and forgery, and they are simply the more costly option in the majority of states. Freddie Mac's decision to follow Fannie Mae's lead in embracing this unregulated, less comprehensive, and short-sighted product is a mistake."