February 17, 2016
Guaranty Fee Reinstated at $3 Per Policy, Effective April 1
Texas Title Insurance Guaranty Association | Feb. 15, 2016
At its meeting on Jan. 27, the Board of Directors of the Texas Title Insurance Guaranty Association voted to increase the policy guaranty fee from zero to $3 effective April 1, 2016. The guaranty fee will be $3 for each owner's title policy and $3 for each loan title policy sold, and title agents will be required to remit and report this quarterly to the TTIGA. Watch your mail for an official notice from TTIGA, and see below for remittance forms and FAQs.
Please note: if the "closing date" and funding date of a sale differ, according to TDI, go by the funding date. As
clarified by Robert York of TDI, "The funding date is the best date to use. Any files with a closing date on or after April 1 will have a funding date after April 1. If a title agency has a closing date (signing date) in very late March, and they know the transaction will not fund until April, they should go ahead and collect the fee."
Read More »
Get Remittance Forms and FAQs »
TRID: How Long Will the Pain Last?
Mortgage Orb | Feb. 10, 2016
TRID continues to wreak havoc on mortgage lenders’ operations. Four months following implementation, there is growing evidence that the complex regulation is delaying closings, boosting origination costs and, perhaps worst of all, causing some investors to reject – or at least temporarily suspend – the acquisition of new loans subject to TRID out of fear of potential loan defects and the risk of buybacks.
Read More »
Economics Panel: Texas Housing, Office Markets Strong Despite Oil Prices
Real Estate Center at Texas A&M University | Feb. 16, 2016
Overall, economists at Friday's "Finding Shelter" conference at the Federal Reserve Bank of Dallas had good news for Texans, despite continuing concerns about declining oil prices.
Read More »
Have you looked at TLTA's webinars calendar recently? Several great webinars are lined up for this spring. Watch them live, or On-Demand on your schedule!
Endorsements – Land Is Not "Residential Real Property" (Wednesday, Feb. 24)
This webinar covers the endorsements that may be issued when the insured land does not meet the definition of "residential real property."
1031 Exchange (Thursday, March 3)
This webinar provides a concise and thorough overview of IRC Section 1031 tax deferred exchanges for closing and title officers.
Please Release Me! (Wednesday, March 9)
This course will familiarize title insurance professionals with the importance of obtaining releases of enforceable outstanding liens, and alternatively, what other options may be available when a release is not obtainable to ensure compliance with Procedural Rule P-11.
JUST ADDED: The Ethical Title Professional (Thursday, March 24)
This course is designed to help title professionals consider the ethical behavior in each and every dealing.
Contract Dos and Don'ts (Wednesday, April 6)
Get an overview on recent contract changes, the importance of how the contract is/was completed by the Realtor and the title agent's role.