January 25, 2017

Trump Takes Away FHA Mortgage Insurance Premium Cut Not Long After Being Sworn Into Office

Washington Post | Jan. 20, 2017

In one of the first undertakings of his administration, President Trump issued an administrative order to suspend one of the Obama administration’s final acts.
 
The move undid the quarter-point decrease in the FHA mortgage insurance premium that was announced earlier in the week by outgoing U.S. Department of Housing and Urban Development Secretary Julian Castro. For most borrowers, it would have been a reduction to 0.60 percent from 0.85 percent.
 
The 25-basis point reduction — a basis point is 0.01 percentage point — would have made FHA mortgages more affordable just as interest rates were on the rise.
 
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CFPB Director Cordray: We Will Continue Enforcing Existing Rules 

HousingWire | Jan. 24, 2017

The CFPB has no plans to stop enforcing existing consumer protection rules despite the change to a Trump administration, according to an interview with CFPB Director Richard Cordray in The Wall Street Journal.
 
Cordray’s decision to keep moving forward comes during a time when his entire role at the CFPB lies in question as both sides of the aisle battling over his unusual authority.
 
 
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Democratic-led States Battle Trump Over CFPB 

Reuters | Jan. 23, 2017

Democratic state officials recently took a step to try to defend the CFPB in a court battle that could defang it, worried that Donald Trump's administration will not safeguard the agency.
 
Attorneys general from 16 states plus the District of Columbia filed papers with a federal appeals court seeking to intervene in the case. That court ruled last October that the structure of the agency, charged with guarding consumer finances, was unconstitutional.
 
The agency immediately asked the court to reconsider its decision but the Trump administration could drop the appeal.
 
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Two Registration Options for Day at the Capitol – Register Today!

This year, attending Day at the Capitol is more important than ever, and we are offering two registration options.
 
The two-day option – Feb. 13-14. Recommended if your schedule and budget permits. Benefits include:
Hear keynote presentations from guest legislators
Get an in-person briefing and have the opportunity to ask questions
Meet and visit with colleagues with whom you'll be making legislative calls
Visit with the TLTA lobby team
Enjoy networking and being an active part of the legislative process

The one-day option – Feb. 14. If you can only come for one day, please come anyway!
Participate in the Feb. 9 orientation webinar to get tips and FAQs
Arrive at the Capitol on Tuesday, Feb. 14 to pick up your materials and hit the ground running
Register online or using the printed form.
 
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TLTA is scheduling several live webinars for spring 2017. Register now, or reserve your On-Demand version today!

Credit Where Credit Is Due (Wednesday, Feb. 15)
Unclaimed Property (Friday, Feb. 17)
Commercial Closing: A to Z (Tuesday, March 7)
1031 Exchange (Wednesday, March 8)
Decedents' Estates (Thursday, March 16)
The Long and Short of It (Wednesday, March 22)
Foreclosures (Thursday, April 20)