August 31, 2022
In This Issue:
- FHFA Announces Intent to Establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing
- USDA Announces First Lenders for Heirs’ Property Relending Program
- MISMO Fall Summit: Ginnie Mae Puts Foot on Gas Pedal
- Emails Claiming to Sell TLTA Membership Lists Are a Scam – Don’t Click or Reply
- Live and New in 2022: Title 101, and Owning and Managing a Texas Title Agency
FHFA Announces Intent to Establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing
FHFA | Aug. 23, 2022
The Federal Housing Finance Agency (FHFA) today announced its intent to establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (Committee).
The Committee will provide advice and input regarding affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to address those matters. In addition, the Committee will provide input on barriers to access to such housing and long-term sustainability. The Committee’s activities will focus on FHFA’s regulated entities – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks – and their respective roles in providing a reliable source of liquidity and funding to support housing finance in the single-family and multifamily housing markets.
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TLTA Editor's Note: The GSEs (who are regulated by FHFA) have been increasingly focused on housing affordability, and closing costs continue to be at the center of that affordability discussion.
Fannie Mae Issues Selling Guide Update Regarding Use of Attorney Title Opinion Letters. Tracks Changes Freddie Mac Made in 2020.
Review Fannie's Selling Guide Announcement »
Fannie Mae's Report: Barriers to Entry – Closing Costs for First-Time and Low-Income Homebuyers (from December 2021)
Read More »
USDA Announces First Lenders for Heirs’ Property Relending Program
ALTA | Aug. 16, 2022
The U.S. Department of Agriculture (USDA) announced that Akiptan, Inc., the Cherokee Nation Economic Development Trust Authority (CNEDTA) and the Shared Capital Cooperative have been approved or conditionally approved as intermediary lenders through the Heirs’ Property Relending Program (HPRP).
Once HPRP loans with these lenders close, these lenders will help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Additionally, USDA encourages more intermediary lenders, including cooperatives, credit unions and nonprofit organizations to apply. Currently, more than $100 million of HPRP funding is available for these competitive loans.
Read More »
MISMO Fall Summit: Ginnie Mae Puts Foot on Gas Pedal
Mortgage Bankers Association | Aug. 30, 2022
Ginnie Mae President Alanna McCargo will be the first to tell you that “speed” and “innovation” rarely appear in the same sentence with “federal agencies.” But she’d also be the first to tell you that it is possible.
“We’ve spent a lot of time since I joined Ginnie Mae talking about innovation and technology,” McCargo said Monday at the MISMO Fall Summit. “When you think of technology and the federal government, you think ‘slow.’ However, since 2010, we’ve been making huge strides.”
Read More »
Emails Claiming to Sell TLTA Membership Lists Are a Scam – Don’t Click or Reply
TLTA | Aug. 30, 2022
Some TLTA members have reported receiving emails that claim to be selling TLTA contact lists (here’s an example):
These emails are a scam. Any links they contain should not be clicked, as they likely open the door to malicious software.
Additionally, these emails should not be replied to. TLTA does not sell members’ contact information, and any info third-parties claim to be TLTA-related is fraudulent.
If you are in the market for B2B marketing help, research vendors by first talking to other industry professionals. Responding to a cold call via email purporting to deliver something that seems too good to be true should be avoided.
As always, if you see something strange that claims to be associated with TLTA,
please share it with us, and we’ll be happy to review and advise you regarding its validity.
TLTA Editor's Note: An identical email hit TLTA members' inboxes in April last year, and we shared the warning above in Dateline at that time. We've received new reports in recent weeks that these scammers are currently recirculating the same message. Please share this warning with your team.
Live and New in 2022: Title 101, Owning and Managing a Texas Title Agency
Title 101: An Introduction to Title Insurance in Texas
Presented live Oct. 17-18, 2022
Plano
Our TITLE 101 series was created for title employees who are new to the industry or have experience in only one area of title insurance. This basic, comprehensive 12-part series, which will be presented live in Plano Oct 17-18, provides all the basic training and knowledge you need on the fundamental aspects of Texas title insurance. Presented by TLTA subject-matter experts, this program covers everything from basic property concepts to post closing issues. If you have less than two years of experience in the title industry or are a title professional looking for basic industry knowledge, this program is for you!
Register Now and Book a Hotel Room »
Owning and Managing a Texas Title Agency
Presented live Oct. 17-18, 2022
Plano
TLTA is pleased to present updated training for new title agency owners, those new to a management position, or those in need of a refresher. Presented live in Plano Oct. 17-18 by experienced title industry professionals, this one-of-a-kind program will cover topics such as regulatory compliance, accounting, other key duties and responsibilities of a title agent, and much more. This program is designed to satisfy the requirements of Rule P-28(B) by the Texas Department of Insurance for management personnel of title agents applying to be licensed.
Register Now and Book a Hotel Room »