February 24, 2016
CFPB Pledges Leeway in Early TRID Exams
National Mortgage News | Feb. 19, 2016
The CFPB openly acknowledged that the transition to new mortgage-disclosure requirements presents a major challenge for lenders, saying it will give them some leeway in upcoming exams.
"We're very aware of the significant challenges the industry has faced in order to get into compliance with this rule," said Allison Brown, a program manager in mortgage servicing in the CFPB's office of supervision policy.
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Upcoming Deadlines for Owners/Managers
Texas Land Title Association | Feb. 24, 2016
Last
September, TLTA published a handy
compliance checklist for many TDI regulations and other miscellaneous reporting requirements. This checklist allows the owners and managers of title insurance companies to make sure they're in compliance. Don't forget that the following items are due in February:
Federal reporting of W2 and W2 to Social Security administration
Federal reporting of 1099 Misc. and 1099-S issuance
TDI Form T-S5 Quarterly Withholding Tax Report for the fourth quarter
Get the Checklist »
The TRID Ripples: Time to Close Mortgage Loans Continues to Rise
HousingWire | Feb. 17, 2016
In the months since the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule last October, repeated evidence shows the impact of TRID, whether the reports were anecdotal or statistical.
Now, a new report from Ellie Mae shows more statistical evidence on how deeply the impact of TRID is being felt, with the time to close a mortgage loan climbing again.
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Don't Forget to Vote!
Election Day is Tuesday, March 1, and early voting ends on Friday, Feb. 26. Make your voice heard – vote!
Texas Voter Information »
Find Out Who Represents You »
With two live webinars in March and more coming for April and May, TLTA has something for everyone's continuing education needs this spring. See the webinars calendar to find out what's coming up soon, and remember that you can watch them all either live or On-Demand!
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.
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.