November 5, 2014
Election Day Breakdown
Last night was the culmination of the historic turnover that began with several retirements and many contested primaries. Every major statewide office has a new office holder. There will be 26 new House members, and eight new Senate members in 2015. Three of those new Texas House members are TLTA members, Rodney Anderson (HD-105), John Wray (HD-10), and Andrew Murr (HD-53). Congratulations to our industry friends on their victories and we look forward to working with them.
Republicans have seized control of the U.S. Senate for the first time since 2006, and it was no different here in Texas. All statewide races were won by Republicans including the Governor’s race where Greg Abbott took nearly 60% of the vote. Texas has an all-new slate of statewide office holders including the offices of Governor, Greg Abbott; Lt. Governor, Dan Patrick; Attorney General, Ken Paxton; Comptroller, Glen Hegar, Land Commissioner; Ag Commissioner, Sid Miller; and Land Commissioner, George P. Bush.
The GOP continues to occupy 26 of the 27 elected statewide offices.
Last night, the GOP extended its winning streak to 116 straight victories in statewide elections. The Senate will have 19 Republicans & 11 Democrats and 1 vacancy (Hegar) One seat, SD10 (Davis), flipped to the Republicans last night. The House will have 98 Republicans & 52 Democrats. Three seats — HD23 (Eiland open seat), HD117 (Cortez) and HD144 (Perez) — flipped to the Republicans last night.
The Texas Congressional delegation will sit at 25 Republicans and 11 Democrats
One seat, CD23 (Gallego), flipped to the Republicans last night with the election of Will Hurd.
However, it appears that there were only five truly competitive races last night in Texas at both the state and federal level where the winner was from the opposite party of the incumbents - one congressional seat, three state house seats and one state senate seat.
To see the full breakdown of the results>>
Transitioning To Integrated Disclosures
Housingwire | October 28, 2014
August 2015 is the official change over to TILA-RESPA Integrated Disclosures. The change requires a redesign of the current process. For lenders to meet both compliance and quality control standards they will need a way to collect more data then ever before, and coordinate document preparation and delivery within a stricter set of guidelines.
Read More»
CFPB Owning a Home Tool Goes Live
CFPB | November 3, 2014
Last week the Consumer Financial Protection Bureau launched the first piece of its program aimed at preparing consumers for the homebuying process. The new Owning a Home tool educates consumers about mortgages and the closing process. The tool includes three major components:
1.
Understanding loan options
2.
Closing checklist
3.
Your closing forms, explained
CFPB Releases Rural, Underserved Counties List for 2015
CFPB | October 28, 2014
The Consumer Financial Protection Bureau (CFPB) released its lists of “rural” and “rural or underserved” counties for 2015. The annual lists apply to certain exemptions set forth under the agency’s mortgages rules.
CFPB Blog »
Full List Here »
Fannie, Freddie Form New Company to Develop Single GSE Bond
Housingwire | November 3, 2014
Fannie Mae and Freddie Mac have come together in the formation of a single company. The two companies established Common Securitization Solutions, a jointly owned limited liability company. The end goal is to eventually implement a single GSE bond.
Read More »
Bankruptcy - A Title Insurance Perspective
Tuesday, November 11 | 10:30 - 11:30 a.m. CST
Presented by:
Lindley (Lin) A. Brasier, Senior Vice President and Regional Counsel, Alliant National Title Insurance Company
Live Version |
On-Demand Version
CFPB Integrated Mortgage Disclosures: Only 9 Months Away!
Thursday, November 13 | 10:00 - 11:30 a.m. CST
Presented by:
Celia C. Flowers, Attorney, Flowers Davis, PLLC, East Texas Title Companies
Janet S. Minke, CTIA, Vice-President, Underwriting Support Services, Alliant National Title Insurance Company
Thomas F. Vetters, III, Attorney, Robertson Anschutz Vetters, Attorneys at Law
Leslie Wyatt, Director of Industry Relations, SoftPro
Live Version |
On-Demand Version
1.
TDI Enforcement Overview
2.
Involuntary Liens: Types, Priority, Curative & More
3.
Recent Texas Title Insurance and Escrow Cases
4.
The Ethical Title Professional
5.
Are you Afraid of Commitment?