August 14, 2013
Obama Outlines Plans for Fannie Mae and Freddie Mac
New York Times | Aug. 6, 2013
President Obama hailed both this city’s and the country’s comeback from the housing bust on Tuesday, and said it was now time to reduce the federal role and risk in the mortgage market “to make sure the kind of crisis we went through never happens again.” He proposed to “wind down” Fannie Mae and Freddie Mac, for the first time outlining his approach to overhauling the two giant mortgage-finance companies that were taken over by the government when they failed nearly five years ago. The companies, which Mr. Obama described in an appearance here as “not really government, but not really private sector,” recently began to repay taxpayers.
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FHFA Seeks Input on GSE Reform
HousingWire | Aug. 9, 2013
Reform talks regarding what should happen to Fannie Mae and Freddie Mac are starting to branch out past the federal government. The Federal Housing Finance Agency is seeking public input on strategies for reducing Fannie Mae and Freddie Mac’s presence in the multifamily housing finance market in 2014. In conjunction with the goal of contracting the market presence of the GSEs, the FHFA 2013 Conservatorship Scorecard recommends reducing the GSEs' volume of new multifamily business by 10% relative to 2012.
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Don't Miss These Upcoming TLTA Webinars!
Avoiding TDI Audit Violations — A Focus on Abstract Plants, Agent Solvency & Other Issues
Wednesday, Aug. 14 | 10:00 - 11:30 a.m.
Join us for another quarterly webinar featuring our team of compliance experts who will review and analyze the most recent
quarterly TDI audit findings. This quarter, we will focus on abstract plant requirements, the solvency requirement, Administrative Rules and other miscellaneous audit issues.
Learn More & Register »
Divorce and the Real Estate Process
Wednesday, Sept. 18 | 10:30 - 11:30 a.m.
Divorce is sometimes the unfortunate ending of what starts with so much hope, promise and dreams, including the dream of home ownership. This webinar examines the difficult subject of divorce from a practical perspective, focusing on issues the title professional can expect when closing transactions where divorce is an issue.
Learn More & Register »
Agent and Underwriter Statistical Data Due to TDI
Agent Deadline was Aug. 2, Underwriter Deadline Aug. 16
Agent and Underwriter Statistical Data is due to the Texas Department of Insurance this month. The
completed agent report was due Aug. 2 and the separate
completed underwriter report must be postmarked or submitted electronically by Aug. 16. If you have any questions, please contact Betty Flores at TDI at 512.322.5029.
TLTA recently held a webinar for those who are new to filing out the Agent Statistical Report on Purchase a recording of that webinar here.