August 12, 2015
CFPB Unveils eClosing Pilot Project Results
Last week, the CFPB released the results of its eClosing Pilot Program, which has been ongoing for several months. The project involved seven lenders, more than 3,000 consumers, four technology companies, and many settlement agents.
For a full summary of the results,
click here.
For the entire report,
click here.
How Do I Find Out if I Own My Own Mineral Rights?
Texas Agriculture Law Blog | July 20, 2015
The following legal blog on mineral rights is from the Texas A&M Agrilife Extension office’s
Texas Agriculture Law Blog. TLTA wishes to thank Tiffany Lashmet for sharing the information with us.
Question: I own property in Texas. How can I find out whether I own the mineral rights as well?
Answer: Without question, this is one of the most common questions I am asked by Texas landowners. As the question notes, in Texas, mineral ownership can be (and often is) severed from surface ownership.
For the full article, click
here.
TILA-RESPA Integrated Disclosure Materials Update
The CFPB recently updated the TILA-RESPA implementation materials to bring them into alignment with the new effective date of October 3, 2015.
Read More »
CFPB and PHH in the Courtroom
Reuters | August 5, 2015
HousingWire | August 7, 2015
Facing an Aug. 5 deadline to pay a $109 million fine, PHH’s lawyers at Gibson Dunn & Crutcher asked the District of Columbia U.S. Circuit Court of Appeals to stay the CFPB’s final decision while the mortgage lender appealed.
Read More »
In a five-page petition, PHH said the court should review the CFPB’s order because it is “arbitrary, capricious, and an abuse of discretion within the meaning of the Administrative Procedure Act” and a violation of federal law.
Read More »
3 Takeaways from the TRID Trenches
HousingWire | August 7, 2015
When the Consumer Financial Protection Bureau published the 1,888-page TILA-RESPA Integrated Mortgage Disclosures rule (“TRID”) in November 2013, I had just taken on a national role responsible for escrow operations with First American Title Insurance Company. For better or worse, my professional life would now be inextricably tied to TRID.
Read More »
The Production Challenges Beyond TRID
HousingWire | August 7, 2015
TRID is the four-letter word that’s on the tip of everyone’s tongue. Despite the enforcement delay to Oct. 3, the entire mortgage industry continues to panic about how they’re going to meet the deadline. It’s as if nothing exists beyond that date.
Read More »
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TLTA is proud to offer two valuable print resources to help build your title industry knowledge. The
Texas Forms Manual is the most comprehensive Texas-specific real estate forms package available today, while Frank A. Stamper’s
A Handbook for Texas Abstractors and Title Men is an invaluable resource for anyone who conducts business related to the land title industry.
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