February 5, 2015

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TLTA Day at the Capitol a Huge Success

 
A big thank you to all of our members who participated in the 2015 Day at the Capitol. Thanks to you we were able to pack the halls of the Capitol and proudly represent our industry. John Martin called his meeting with Rep. Joseph Pickett extremely productive. Mike Savas said his meeting with Rep. Sarah Davis office "was a success and her office truly understands the title business."

Events such as Day at the Capitol are how we make lasting relationships with our local legislators, and educate them about our business. Thank you again for joining us and making Day at the Capitol a huge success. 

If you were not able to attend the event, click here for copies of the Texas title industry facts and educational industry material that we provided the legislators. Please review page 5 "Title Insurance in Texas" so you're well equipped to explain and defend our great system here in Texas. 

See pictures from Day at the Capitol here. 

Texas House Assignments Announced 

Texas House Speaker Joe Straus has released his committee assignments for the 84th Legislative Session. There was a significant shake up within the house committee assignments. Notably the House Insurance Committee has a new chairman, Chairman John Frullo. The insurance committee has several new faces including Representative Paul Workman, R.D. "Bobby" Guerra, Morgan Meyer, Dennis Paul, Hubert Vo, and committee veterans Kenneth Sheets, Greg Bonnen, and Vice Chair Sergio Muñoz Jr. 

Also of note there were some changes in the Business and Industry Committee. The chair will remain 
Rep. Rene Oliveira and there is one veteran appointment Jason Villalba. New to the Business and Industry Committee is Ron Simmons as Vice Chair, Nicole Collier, Allen Fletcher, Matt Rinaldi, and Ramon Romero Jr.  

Click Here for a full list of committee appointments. 

Lessons From the CFPB/Wells/Chase Order

Mortgage Daily News | January 28, 2015
 
The industry continues to dissect the CFPB's RESPA actions against Wells Fargo and Chase and there were rumors that some people involved in the kickback situation have been let go. In addition to paying multi-million dollar fines, Wells and Chase are required to share the Consent Orders with their respective mortgage teams annually for the next 5 years.  

Read More>>

Mortgage Choice Act Reintroduced in Congress 

Housingwire | February 3, 2015

The Mortgage Choice Act was reintroduced to Congress. The act would amend and clarify the qualified mortgage definition in the Dodd-Frank Act, and would improve access to credit and qualified mortgages. The bill is identical to the Mortgage Choice Act of 2013. 

Read More>>

Federal Reserve Won't Raise Interest Rates Before June, at Earliest

The New York Times | January 28, 2015
 
The Federal Reserve announced it will not raise short term interest rates any earlier than June. Federal officials have pointed to the summer of 2015 as the likely time for the central bank to increase its benchmark interest rate. 

Read More>> 

CFPB Wants More Mortgages in Underserved Areas

Housingwire | January 29, 2015

The Consumer Financial Protection Bureau is pushing for more access to mortgage credit in rural and underserved areas by attempting to increase the number of financial institutions in the space. 

Read More>>

TLTA Presents RESPA/TILA Training Series

Are you ready for the new CFPB integrated disclosure regulations that go into effect in August of 2015? Did you know that the HUD-1 will be replaced by the Closing Disclosure in most residential transactions? Did you know that in many transactions the lender will complete and deliver the new closing disclosure to the buyer?

TLTA’s readiness training is part of our strategy to keep our members updated and informed on all the CFPB requirements. TLTA is currently planning more sessions around the state for the Spring and Summer. 

Click Here for more info. 

February 18
The Irving Convention Center 
500 W. Las Colinas Blvd.
Irving, TX 75039
Map & Parking Information
Local Area Hotels

February 19
Norris Conference Center – Austin
2525 W. Anderson Lane, Suite 365
Austin, TX 78757
Map & Parking Information
Local Area Hotels 
  

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