February 17, 2021
Editor's Note: TLTA's offices are experiencing intermittent power outages due to the winter storm, and some of our normal services and operations have been interrupted, including our phone lines. However, we remain available to assist you as needed via email. May all of you stay safe and warm. We look forward to returning to business as usual as soon as possible, thank you.
In This Issue:
- TLTA Legislative Update
- TDI Offices Closed Through Thursday, Feb. 18, Due to Winter Storm; Closure Includes Help Lines
- Fannie Mae and Freddie Mac Reveal Full-Year Financial Results
TLTA Legislative Update
TLTA | Feb. 17, 2021
All legislative hearings this week have been cancelled due to severe winter weather. While normal legislative operations are on hold, there is a great deal of legislative activity related to the power outages that have accompanied this challenging weather event.
Gov. Abbott has declared ERCOT (the nonprofit that manages our state's electricity grid) an emergency item, which allows legislators to vote on legislation related to ERCOT during the first 60 days of session, along with the other emergency items he named earlier this year.
Additionally, Texas House Speaker Phelan called for a joint hearing of the House State Affairs and Energy committees, and the hearing is scheduled Thursday, Feb. 25.
We will continue to monitor the situation at the Capitol and provide more information as normal legislative operations resume in the days ahead.
TLTA's legislative priorities
Our legislative priorities
for the 87th Legislative Session were approved by TLTA's Board of Directors
as recommended by our Legislative Committee
, which is chaired by Steve Streiff. These statutory changes would improve real estate transactions. Look for more detailed analysis in the very near future on the two bills that TLTA is championing this Session.
Bills we are monitoring
We are currently tracking the following bills of interest
. If these bills begin to move through the process and TLTA takes official positions on them, we’ll provide more detailed information about our stance and how they might affect you and your business.
Questions about TLTA's legislative process and how you can get involved?
The TLTA Legislative Committee, our Local Legislative Liaisons, our Grassroots Network and our PAC Board of Governors are all part of our team of engaged legislative advocates. Learn More About TLTA's Legislative Process and How You Can Get Involved »
TDI Offices Closed Through Thursday, Feb. 18, Due to Winter Storm; Closure Includes Help Lines
Texas Department of Insurance | Feb. 17, 2021
Texas Department of Insurance offices will be closed through Thursday, Feb. 18, due to severe winter weather. Closure includes help lines.
Fannie Mae and Freddie Mac Reveal Full-Year Financial Results
Mortgage Professional America | Feb. 12, 2021
Fannie Mae and Freddie Mac have released their financial results for 2020. Record-low rates and rising home prices came as a boon to the firms, offsetting losses caused by the pandemic.
Read More Analysis »
Read the Press Release and Results from Fannie Mae and Freddie Mac »
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