October 15, 2014

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CFPB Proposes Changes To TILA- RESPA Final Rule 

CFPB | October 10, 2014

CFPB announced two proposed changes to the new disclosure rule. The first proposal would give creditors extra time to provide revised Loan Estimates after a consumer locks a floating interest rate. As the rule stands those revised estimates are currently due the same day. The second part of the proposal is a minor change to the Loan Estimate form. The change will provide a space to alert consumers their revised Loan Estimate may change if it is for a construction loan that is expected to take more than 60 days to settle. You can read the full CFPB announcement here.  

Just Released: Best Practices Assessment Readiness Guide Available for Pillar No. 3

ALTA | October 9, 2014

ALTA has released a new Assessment Readiness Guide. The goal is to help members see just how prepared they are to undergo an assessment to determine compliance with ALTA's “Title Insurance and Settlement Company Best Practices.”  
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Knowing the ins and outs of the Best Practices can be a challenge. Which is why, on December 3rd, at this years TLTA Institute in San Antonio, TLTA is offering a Pre-Institute program called "Understanding and Complying with Best Practices- A Practical Approach." 
Let our expert speakers help guide you on how to approach the compliance process.

Take a look at the program's Full Brochure.

To Register for the TLTA Pre-Institute program Click Here.

Summary of the CFPB's Third Webinar on the TILA - RESPA Integrated Disclosures 

Dentons | October 6, 2014

CFPB held the third webinar in a series of webinars on the new TILA-RESPA Integrated Disclosure forms. The point of this webinar was to provide answers to some of the most commonly asked questions and misconceptions. This article includes a summary of the questions and answers that were provided by CFPB. 

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The Pendulum Swings: Dodd-Frank's Impact on the Housing

 Tierra Grande Magazine | October 2014

What major affects does The Dodd-Frank Act have on the mortgage market? Clearly, one of the biggest impacts is it creates a legal liability for the lender if the borrower defaults. It forces lenders to look closely at a person's ability to repay. It could take a few years before we see the full affect the Dodd- Frank Act will have on the mortgage and housing market.
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FHFA Appoints New Chief of Staff 

Housingwire | October 8, 2014

Federal Housing Finance Agency Director Mel Watt appointed Janell Byrd-Chichester as chief of staff. Most recently Byrd-Chichester served as partner in the law firm Mehri & Skalet.   Read More »

Upcoming Hot Topic Webinars

TDI Enforcement Overview
Tuesday, October 21 | 10:30 - 11:30 a.m. CDT
Presented by:
Kergin B. Bedell, Burton & Hyde, P.L.L.C., Austin
Live Version | On-Demand Version

Involuntary Liens: Types, Priority, Curative & More
Thursday, October 23 | 10:30 - 11:30 a.m. CDT
Presented by:
G. Roland Love, Winstead PC, Dallas
Live Version | On-Demand Version