December 30, 2014
Congressional Roadblock Upends Market for Terrorism Insurance
New York Times | December 17, 2104
After hitting a legislative roadblock Congress adjourned and insurers will no longer be required to provide federally guaranteed financial protection from terrorist attacks. With the expiration of the Terrorism Risk Insurance Act it could mean an end to existing terrorism insurance policies.
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Click Here to read the letter sent to Coalition to Insure against Terrorism members regarding the expiration of the Terrorism Risk Insurance Act.
New TDI Contact Information
TDI employees located at TDI’s Hobby location (333 Guadalupe, Austin, Texas) will have new phone numbers on December 18. Phone numbers for employees located at Hobby will change to the form 512-676-6nnn. The phone system will automatically forward calls from the old number to the new number for approximately 60 days.
All general agency toll-free numbers (such as the TDI main, HelpLine, and Jobs) will not change. Fax numbers in the form 512-490-nnnn will not change. Hobby also has a new phone menu that will more efficiently route callers.
A listing of TDI’s new telephone and fax numbers is available at
http://www.tdi.texas.gov/webinfo/contactus.html. This page includes the TDI Key Telephone List and Employee Contact Search.
Prepare for the New Disclosure Forms with CFPB's eRegulations Tool
CFPB's eRegulations tool can help you prepare for the new TILA-RESPA Integrated Disclosure rules that will go into effect on August 1, 2015. The tool allows you to compare the old form with the current changes.
Click here to check out the eRegulations tool.
Texas Banks Already Seeing Some Problem Borrowers as Oil Slides, Regulator Says
Fuel Fix | December 19, 2014
A top federal regulator for Texas community banks says examiners are already seeing problems with less financially stable bank borrowers. The prediction is that if oil remains cheap for a long period of time it could get worse.
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FHFA Issues Warning on "Super Priority" Liens
HousingWire | December 22, 2014
The FHFA issued a warning to homeowners, financial institutions and state authorities citing its concern with super-priority liens. The FHFA issued the warning because in some cases a secondary lien on a property forces the Freddie Mac or Fannie Mae lien into a secondary lien position, which the FHFA says increases the risk of losses to taxpayers.
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Fitch Ratings: Housing in Texas and California are Officially Overvalued
Housingwire | December 19, 2104
A recent report by Fitch Ratings claims Texas prices are about 11% overvalued, with prices in Houston, Austin, and Dallas each growing more than 20% since 2011.
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Day at the Capitol 2015: Registration Now Open!
TLTA’s Day at the Capitol, February 2-3, is for every title professional. It is an excellent opportunity to speak directly with your legislators about the issues impacting the title industry and ultimately your bottom line. With the important issues our industry faces, it’s crucial to show our strength in numbers and have our voices heard during the 84th Legislative Session. By attending, you’re making a difference in the future of your business and your industry.
Register >> Book Hotel>>
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