June 22, 2022
In This Issue:
- FFIEC Announces Availability of 2021 Data on Mortgage Lending
- Senators Call for Balance Between Investment, Affordable Housing Needs
- ICYMI: TDI Title Insurance License Applications and Renewals Now Available Online
- Title Insurance Is Vital to Protecting the American Dream
FFIEC Announces Availability of 2021 Data on Mortgage Lending
CFPB | June 16, 2022
The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 U.S. financial institutions. Covered institutions include banks, savings associations, credit unions, and mortgage companies.
The HMDA data are the most comprehensive publicly available information on mortgage market activity. The data are used by industry, consumer groups, regulators, and others to assess potential fair lending risks and for other purposes. The data help the public assess how financial institutions are serving the housing needs of their local communities and facilitate federal financial regulators’ fair lending, consumer compliance, and Community Reinvestment Act examinations.
Read More »
Senators Call for Balance Between Investment, Affordable Housing Needs
DS News | June 20, 2022
U.S. Senators Elizabeth Warren and Jack Reed, along with members of the Senate Committee on Banking, Housing, and Urban Affairs, have sent a letter to U.S. Department of Housing & Urban Development (HUD) Secretary Marcia L. Fudge calling on HUD to preserve homeownership affordability for American families as Wall Street firms expand their activity in the housing market. The lawmakers are calling on HUD to stem the flow of single-family homes to institutional investors and to answer a series of questions about its efforts to level the playing field between families and large investors.
Read More »
ICYMI: TDI Title Insurance License Applications and Renewals Now Available Online
Texas Department of Insurance | June 10, 2022
The Texas Department of Insurance announced that title licenses can now be applied for and renewed online via Sircon – a modernization initiative that should provide a more efficient licensing experience.
Learn more about applying, renewing and documentation on
TDI's title insurance licensing page.
Title Insurance Is Vital to Protecting the American Dream
Mary O'Donnell via HousingWire | June 21, 2022
As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives.
Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title. It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job.
Read More »
TLTA Editor's Note: Mary O’Donnell is CEO of Westcor Land Title Insurance Co. and a past president of the American Land Title Association
Check out our most popular on-demand webinars
Industry Hot Topics
Ethics – Game On!
Residential Endorsements
Manufactured Housing Basics
Tricky Tax Situations
Don't see what you're looking for in the list above? TLTA maintains a library of
more than 80 On-Demand webinars and videos covering the title industry topics you need to earn continuing education credits and stay ahead of the curve on the latest industry trends!