Jan. 4, 2017
Warning: Do Not Respond to Recent Fraudulent Emails
TLTA has received reports of a spam message that has been sent to many of you concerning a member directory update. This message was disguised to look like it was sent from TLTA; however, the sender's address does not end in @tlta.com.
If you have received this message:
Delete it immediately
- Do not write back to the sender
- Do not open any attachments in it
For additional tips on protecting yourself from fraud, please see our recent Downdate article titled "Don't Be a Victim of These Common Fraud Schemes
If you have additional questions, please let us know and thanks for your understanding.
Groups Fight to Save Mortgage Tax Deducation
Politico | Dec. 31, 2016
One of the most powerful lobbies in Washington is preparing a battle to preserve the strength of what has always been untouchable in the tax world: the mortgage interest deduction.
Realtors, home builders and bankers have for decades successfully defended the $70 billion mortgage tax break, claiming that killing it would crater the housing market and undermine the American dream of home ownership for middle class taxpayers.
Read More »
CFPB, PHH Curry Court's Favor With Competing, Combative Arguments
HousingWire | Dec. 27, 2016
With a landmark decision looming, the CFPB and PHH are continuing their legal battle and attempting to sway the U.S. Court of Appeals for the District of Columbia Circuit into either upholding the court’s initial ruling that declared the agency’s leadership structure unconstitutional or agreeing to rehear the case.
Recently, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled that the CFPB’s leadership structure was unconstitutional and vacated a $103 million increase to a $6 million fine levied against PHH by CFPB Director Richard Cordray.
Read More »
Goodbye New Normal: Time to Close a Loan Ticking Back Up
HousingWire | Dec. 22, 2016
After settling back around 46 days, the time to close a loan is starting to tick higher again, getting close to this year's high, according to the latest Origination Insight Report from Ellie Mae.
The most recent report stated it took 49 days on average to close a loan in November. Separated out, time to close came in at 51 days for refinance loans and 47 days for purchase.
Read More »
CFPB Will Likely Issue Rule Targeting Arbitration Before Trump Takes Over, Attorney Says
Forbes | Dec. 26, 2016
The attorney who pioneered the use of pre-dispute arbitration provisions in consumer contracts believes it is “very likely” that the CFPB will finalize its proposed set of rules prohibiting arbitration clauses that prevent class action lawsuits before president-elect Donald Trump’s inauguration next month.
Read More »
Top Industry Articles of 2016
American Land Title Association | Dec. 27, 2016
Articles about TRID dominated the headlines over the past year, while other eye-catching topics included an agent thwarting an escrow-fund phishing scheme, the federal appeals court ruling in PHH v. CFPB, FinCEN expanding and extending an order to try and identify money-laundering schemes, tools to help members recruit new talent, key lawsuits everyone in the industry should know about and technology perceived as the Holy Grail of digital land records.
Read the List »
Register Today for Day at the Capitol
Register and book your hotel room for the 2017 Day at the Capitol: Feb. 13 - 14!
With the threat of deregulation we are under, showing strength in numbers and having our voices heard at the Capitol is critical. Make sure your representatives understand our system and how crucial it is, and make a difference in the future of your business and your industry by being part of this important event.
Get ready to come to Austin to advocate for your industry. We plan to pack the halls of the Capitol with title professionals!
Sponsorship opportunities for Day at the Capitol are currently available. Contact Linda Timmons via email or 512.879.2880 for more information.
Book Your Hotel Room »
Learn More »
TLTA is scheduling live webinars for spring 2017. Register now, or book your On-Demand version today!
- Stop TRID-ing Water (Tuesday, Jan. 10)
We survived our first year of TRID! But even now, there are still wrinkles that need to be ironed out.
- Claims (Wednesday, Jan. 25)
This webinar is designed to educate both title and escrow personnel about claims-handling procedures and agent responsibilities.
- Credit Where Credit Is Due (Wednesday, Feb. 15)
More info on this webinar coming soon!
- 1031 Exchange (Wednesday, March 8)
Are you a closer looking for closure on recognition of capital gains or losses? Get the 4-1-1 on 1031s!