February 5, 2020

In This Issue:

  • ALTA’s Principles for Data Privacy Laws
  • 5 Takeaways From the Latest Congressional Fundraising Reports
  • FHFA Making Structural Changes
  • Texas Relocation Report

ALTA’s Principles for Data Privacy Laws

ALTA | Jan. 30, 2020
The American Land Title Association (ALTA), which represents the real estate settlement services, abstract and title insurance industry, has been a long-time advocate for efforts to protect the personal information of consumers. Since 2013, industry standards encompassed in ALTA’s Best Practices have included requirements for a written privacy and information security program to protect non-public personal information.

The conversation occurring nationally on data privacy is an important one. To help better engage in these discussions, ALTA has developed principles for data privacy laws to guide these conversations so that our member companies can continue to offer consumers an efficient home buying or selling experience, while at the same time protecting private information uniformly and consistently.
 
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5 Takeaways From the Latest Congressional Fundraising Reports

Texas Tribune | Jan. 28, 2020
The fourth quarter of 2019 was a critical time in Texas' most hotly contested U.S. House races, as candidates who announced earlier in the fall went through their first full fundraising periods and newer entrants looked to make a splash in their first weeks.

The congressional battlefield this cycle in Texas is huge. The Democratic Congressional Campaign Committee is working to flip seven Republican-held seats, three of which feature incumbents not seeking reelection. There are three more seats open in safe Republican territory, and they have drawn massive GOP primaries. And the National Republican Congressional Campaign Committee is hoping to flip back two seats it lost in 2018.

Plus, there are at least a couple primary challenges that have drawn national attention.
Here is what we learned about where these races stand from the latest campaign finance reports, which were due Friday to the Federal Election Commission.
 
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FHFA Making Structural Changes

DS News | Jan. 31, 2020
The Federal Housing Finance Agency (FHFA) announced a realignment that will “further bolster FHFA’s capacity as a world-class regulator of Fannie Mae and Freddie Mac and the Federal Home Loan Banks,” FHFA states. According to the FHFA, the realignment of its structure is designed to ensure that it is well-positioned for the GSEs to responsibly exit conservatorship. Fannie Mae and Freddie Mac are currently building the capital necessary to get out of conservatorship, but there is still a little way to go, according to FHFA Director Mark Calabria.

As part of the changes, the FHFA will be establishing three new units that report directly to the Director: The Division of Research and Statistics headed by Deputy Director Lynn Fisher, the Division of Accounting and Financial Standards, headed by Deputy Director Nina Nichols, and the Office of Equal Opportunity and Fairness.

The FHFA will also be hiring a new Deputy Director, Paul Miller, and Associate Director, Scott Valentin, for the Division of Enterprise Regulation. In addition, Christopher Curtis will be made Principal Deputy General Counsel, and Sean Dent will be Senior Deputy General Counsel. Anju Vajja will be Senior Associate Director for Policy Research; and in the Office of Minority and Women Inclusion, Paul Priest will be Associate Director for Diversity and Inclusion and Administration.
 
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Texas Relocation Report

Texas Association of Realtors | Jan. 23, 2020
Texas ranked second in the nation for relocation activity in 2018, according to the 2020 edition of the Texas Relocation Report released today by Texas REALTORS, which analyzes the latest migration data from the U.S. Census Bureau and U-Haul.

“For the sixth year in a row, more than half a million people chose Texas as their new home,” said Cindi Bulla, 2020 chairman of Texas REALTORS®. “And why not? In addition to its business-friendly environment with no state income tax and abundance of jobs, land and opportunity, Texas is known for its diverse, friendly spirit and culture.”

According to the report, Texas welcomed 563,945 new residents in 2018. This figure is more than the number of out-of-state residents who moved to Texas in 2017 (524,511). The net gain of out-of-state residents in Texas in 2018 increased 78.1% from 57,173 in 2017 to 101,805 residents in 2018.
 
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