May 16, 2018

In This Issue:

  • Sullivan Names Slape Second-In-Command at TDI
  • TLTA Submits Amicus Letter in Case Before Texas Supreme Court
  • Primary Runoff Election Tuesday, May 22, Early Voting Underway
  • Agreement Reached on CFPB Reform Bill
  • GSE Reform's Impact on Housing

Sullivan Names Slape Second-In-Command at TDI 

TDI | May 10, 2018
Insurance Commissioner Kent Sullivan has promoted Doug Slape to second-in-command at the Texas Department of Insurance. Slape has been at the agency since 1988 and has served as deputy commissioner for the Financial Regulation Division the past three years.
"Doug has been instrumental in making financial regulation in Texas among the strongest in the nation," Sullivan said. "He has a unique ability to keep a watchful eye on both the state and global markets – both of which are essential for protecting the best interests of Texas consumers."
Read More »

TLTA Submits Amicus Letter in Case Before Texas Supreme Court

TLTA | May 8, 2018
An amicus letter from TLTA to the Supreme Court of Texas asks the Court to make it clear that an encroachment, or trespass of a permanent nature by reason of permanent improvement, cannot continue by right after only two years. 
Read the Amicus Letter »
TLTA's Judiciary Committee--which is chaired by Roland Love--is responsible for recommending to our board of directors TLTA's position on court decisions that could affect the defense of title companies and title agents.
TLTA Judiciary Committee Members »

Primary Runoff Election Tuesday, May 22--Early Voting Underway

TLTA | May 16, 2018
Early voting for Texas' primary runoff election is open now (May 14-18). On the ballot are statewide, congressional, legislative and State Board of Education candidates.  
If you voted in a party primary, you're eligible to vote in the runoff election for that primary. If you did not vote in a party primary, you are eligible to vote in either party's runoff election (as long as you're registered to vote). 
Early Voting: May 14-18
Runoff Election: May 22
Voting Info From Texas Secretary of State »
Candidate Info From League of Women Voters »


Agreement Reached on CFPB Reform Bill

Washington Post | May 8, 2018
The House will take up a Senate-passed bill rolling back banking regulations, breaking an impasse that imperiled passage of legislation that is backed by the White House, Republicans and some Democrats.

House Speaker Paul D. Ryan (R-Wis.) told reporters Tuesday that an agreement had been reached and that “we will be moving the Dodd-Frank bill” along with a companion package of legislation supported by House Financial Services Committee Chairman Jeb Hensarling (R-Tex.).

Hensarling had been pushing to amend the Senate version of the bill undoing or shrinking portions of the Dodd-Frank Act, the law passed in the wake of the financial crisis a decade ago. But the bipartisan coalition of senators that got the bill through the Senate — over the objections of liberals such as Sen. Elizabeth Warren (D-Mass.) — warned that changing their delicate compromise would end up killing the bill.
Read More »

GSE Reform's Impact on Housing

MReport | May 11, 2018
New research published by the Urban Institute’s Housing Finance Policy Center looks at what the current administration will likely do to administratively reform Fannie Mae and Freddie Mac as the time for legislative reforms runs out. It found that there were considerable risks on this path including potentially serious disruption of the housing and mortgage markets.

The research looked at numerous scenarios that could be played out by the Federal Housing Finance Agency, (FHFA), the regulator and conservator of the GSEs, and an agency that is likely to play a central role in these administrative reforms. The scenarios ranged from reducing the GSEs’ footprint and limiting the cross-subsidy to bringing the GSEs out of conservatorship—all moves that would result in scaling back the GSEs' reach or privatizing them. All these moves, the report said, could lead to significant disruption to housing and mortgage markets as well as the broader economy.

Read More »
Mnuchin: GSE Reform Isn't Happening in 2018 »

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