November 7, 2018

In This Issue:

  • Election 2018: Texas Voter Turnout Highest for a Gubernatorial Election Since 1970
  • Election Outcome Powerful Reminder to Participate in TLTA's Day at the Capitol
  • Remote Online Notarization Isn't Coming; It's Here! Register Today for TLTA's E-Closing Live Lab
  • The Most Powerful Person in Mortgage Lending Is About to Be Replaced
  • Zillow to Begin Buying, Selling Homes in Houston

Election 2018: Texas Voter Turnout Highest for a Gubernatorial Election Since 1970

TLTA | Nov. 7, 2018

CORRECTION: The list of new legislators (see: If You Live or Do Business in One of These Districts, Here’s Who You Need to Know Now) that was included in the original email cited incorrect outcomes for HDs 45, 52, 113 and 114. A corrected list can be found below.
While Texas Democrats did not wrest control of any statewide offices from the incumbent Republicans, they took control of 12 seats in the Texas House of Representatives, and Democrats won two state senate seats that were occupied by incumbents. This is the first time since 2006 that the Democrats have gained seats in either legislative chamber in a gubernatorial election cycle. 
Two of Texas' congressional seats will also change hands after yesterday's election, and the new occupants are state Sen. Sylvia Garcia and former El Paso County Judge Veronica Escobar—the first ever Latinas to join Texas' congressional delegation. 
Here's more data that will influence our considerations as we continue preparations for the upcoming Texas Legislature:
Incumbents Defeated Last Night:

SD10: Sen. Konni Burton (R-Colleyville) lost to Beverly Powell, 52%-48%
SD16: Sen. Don Huffines (R-Dallas) lost to Nathan Johnson, 54%-46% 
HD47: Rep. Paul Workman (R-Austin) lost to Vikki Goodwin, 52%-48%
HD65: Rep. Ron Simmons (R-Lewisville) lost to Michelle Beckley, 51%-49%
HD102: Rep. Linda Koop (R-Dallas) lost to Ana-Maria Ramos, 53%-47%
HD105: Rep. Rodney Anderson (R-Grand Prairie) lost to Terry Meza, 55%-45%
HD115: Rep. Matt Rinaldi (R-Irving) lost to Julie Johnson, 57%-43%
HD132: Rep. Mike Schofield (R-Katy) lost to Gina Calanni by 49 votes
HD135: Rep. Gary Elkins (R-Houston) lost to Jon Rosenthal, 51%-48%
HD136: Rep. Tony Dale (R-Cedar Park) lost to John Bucy, 53%-47%
CD7: U.S. Rep. John Culberson (R-Houston) lost to Lizzie Pannill Fletcher, 52%-48%
CD32: U.S. Rep. Pete Sessions (R-Dallas) lost to Colin Allred, 52%-46%.
Open Texas House Seats Flipped by Democrats:

HD45: Erin Zwiener defeated Ken Strange, 52%-48%
HD52: James Talarico defeated Cynthia Flores, 53%-47%
HD113: Rhetta Bowers defeated Jonathan Boos, 54%-46%
HD114: John Turner defeated Lisa Luby Ryan, 56%-44%.
If You Live or Do Business in One of These Districts, Here’s Who You Need to Know Now:

SD 10: Beverly Powell
SD 16: Nathan Johnson
HD 45: Erin Zwiener
HD 47: Vikki Goodwin
HD 52: James Talarico
HD 65: Michelle Beckley
HD 102: Ana-Maria Ramos
HD 105: Terry Meza
HD 113: Rhetta Bowers
HD 114: John Turner
HD 115: Julie Johnson
HD 132: Gina Calanni
HD 135: Jon Rosenthal
HD 136: John Bucy
Your team at TLTA will continue to crunch the numbers and be available to answer your questions about this election and its impact on our industry. On the horizon is the race for Speaker of the Texas House, which will certainly be influenced by the outcome of the election. We will continue to share developments with you as they occur.  

Election Outcome Is a Powerful Reminder to Participate in TLTA's Day at the Capitol – Feb. 12-13, 2019

TLTA | Nov. 7, 2018
As a regulated industry, politics and election outcomes matter to our bottom lines and the consumers we serve. For your TLTA team in Austin, preparing for most outcomes in the legislative and regulatory arenas—including yesterday's election results—is a part of doing business.
TLTA's Day at the Capitol is one of the many initiatives that help our industry maintain strong working relationships with legislators at the state capitol. Elected officials in Austin make decisions that impact our industry's health and longevity, and Day at the Capitol is an opportunity for any and all title professionals in Texas to make sure our voices are heard in lawmakers' decision-making process. 
Mark your calendar and make a plan to join us in Austin Feb. 12-13. With the issues our industry is facing in the Texas Legislature and market-wide, sharing our industry's powerful story with decision makers remains a top priority. 
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Remote Online Notarization Isn't Coming; It's Here. Register Today for TLTA's E-Closing Live Lab

TLTA | Nov. 5, 2018
Earlier this year, Texas legislators paved the way for a new consumer convenience: remote online notarization on real estate and mortgage transactions.
In our E-Closing Live Lab: How to E-Close Texas Style scheduled for Wednesday, Dec. 5, you'll have the opportunity to learn about new remote online notary (RON) technologies directly from the vendors, and gain insights into opportunities to leverage these new tools in your own agency.
In addition to providing practical intelligence on RON implementation, the Live Lab's day-long session on e-closing will include roll up your sleeves-style workshops with the vendors who are helping facilitate e-closings.
Register Today »

The Most Powerful Person in Mortgage Lending Is About to Be Replaced

HousingWire | Nov. 1, 2018
It’s arguable that FHFA Director Mel Watt, though weakened recently in light of misconduct allegations, at one point yielded considerable power over the GSEs.

Now, in two month’s time, President Donald Trump will be able to replace Watt, and there will also be new leadership at Fannie and Freddie. The represents a decisive opportunity for housing reform, something Trump has long supported.

But what does it mean that the most powerful person in mortgage lending is about to be replaced? Analysts at Wells Fargo Securities think they have the answer.
Read More »

Zillow to Begin Buying, Selling Homes in Houston

HousingWire | Nov. 5, 2018
This expansion of its Zillow Offers program marks the fourth market where this option is now available. The program launched in Phoenix in April, and is also available in Las Vegas, Atlanta and Denver. Zillow will expand its program to Charlotte and Raleigh, North Carolina, this Winter.

Zillow Offers allows homeowners to request a no-obligation cash offer from Zillow to buy their home. If they accept it, Zillow directly buys a seller’s house, prepares it for showings and quickly lists it for sale. Agents from the Houston area will represent Zillow in the transaction.

“Zillow Offers launched just seven months ago, and we've already seen nearly 20,000 homeowners request an offer from Zillow to buy their home,” Zillow Brand President Jeremy Wacksman said. “Consumers desire a more seamless experience and the ability to sell their home on their own timeline - something Zillow Offers can provide.”

TLTA has scheduled a variety of live webinars for 2018! Register now, or explore our library of more than 80 On-Demand webinars and videos covering the title industry topics you need!