December 2, 2015
ALTA Approves Revisions to Minimum Standard Detail Requirements for Surveys
American Land Title Association | Nov. 12, 2015
The Boards of the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS) approved revisions to the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys. The standard is the result of significant work and cross-industry partnership between land title professionals and surveyors. The revised standard will become effective Feb. 23rd, 2016.
To read more about these survey standard changes,
click here.
To download the entirety of the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys (effective Feburary 23rd, 2016),
click here (the link will automatically download onto your computer).
TRID is a Real Obstacle to Mortgage Process
HousingWire | Nov. 30, 2015
Nearly two months into the new TRID world and the impacts of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, are starting to come to light.
Despite reports saying that TRID hasn’t caused any major lending delays, the key word in all the reports is ‘yet.’ And while the issues may not be creating giant hurdles in the mortgage industry, they are still a direct result of TRID.
Read More »
Lew Vows to Resist Congressional Maneuvers to Weaken Dodd-Frank
New York Times | Nov. 24, 2015
As an important deadline looms in Congress, the Obama administration signaled last week that it would push back hard against any legislation that substantially loosens the sweeping 2010 overhaul of the financial system.
Read More »
FHFA Announces 2016 Conforming Loan Limits
HousingWire | Nov. 25, 2015
The Federal Housing Finance Agency announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2016.
Despite some earlier predictions that the loan limits would rise for 2016, the FHFA said that the conforming loan limits will remain unchanged for much of the country.
Read More »
Dateline Austin Survey Results: TRID Is Making the Closing Process Longer – But Is it a Permanent Change?
Texas Land Title Association | Dec. 2, 2015
Thanks to everyone who participated in last week’s Dateline Austin survey! We really appreciated your feedback. We learned that the vast majority of you think the closing process takes longer thanks to TRID, while a small minority of you think this is a permanent change. As for whether the process will improve, opinions varied greatly.
To read the results of the survey,
click here.
We will have a new survey in Dateline Austin next week, so be on the lookout for that!
Register for one of our December webinars, or get a jump start on your continuing education in 2016 by registering for a January webinar:
Money Pit 2015 (Friday, Dec. 11th)
Insured Closing Letters A-Z (Thursday, Dec. 17th)
New: Is Your Reputation At Risk? Managing Consumer Complaints
(Thursday, Jan. 7th)
Closing Table Hot Topics: Tales from the Dark Side (Tuesday, Jan. 12th)
Avoiding TDI Audit Violations – Compliance After October 3rd (Wednesday, Jan. 13th)
Bookmark our Webinars calendar – we're adding more great topics all the time!