April 20, 2022

In This Issue:

  • REMINDER: New Homestead Exemption Law Effective as of Jan. 1, 2022
  • TREC Broker-Lawyer Committee Meeting Recap
  • FHFA Publishes Strategic Plan for Fiscal Years 2022-2026
  • ALTA: Regulation of Title Fee Rates Is Already Rigorous
  • Texas A&M Real Estate Research Center Conference Next Week: 31st Annual Outlook for Texas Land Markets

REMINDER: New Homestead Exemption Law Effective as of Jan. 1, 2022

Texas Realtors | Jan. 12, 2022
Before a recent change in the Texas Tax Code, some homebuyers were not eligible for a property-tax homestead exemption until January 1 of the year following their home purchase. This caused those homebuyers to lose out on any benefit of the homestead exemption for up to a year after purchase. 

A change in the law that became effective January 1, 2022, allows all homebuyers to be eligible to receive the homestead exemption beginning on the date they obtain ownership.
 
Read More »
 
TLTA Editor's Note: As you may know, Texas voters will vote on an increase in the homestead exemption to $40,000 from $25,000 during a special election May 7. Learn more.  
 

TREC Broker-Lawyer Committee Meeting Recap

TREC | April 19, 2022
The TREC Broker-Lawyer Committee (BLC) met April 8. The committee received updates from various working groups and made recommendations for the Commission on form revisions and a new form.
 
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FHFA Publishes Strategic Plan for Fiscal Years 2022-2026

FHFA | April 18, 2022
This new strategic plan highlights FHFA’s responsibility to ensure the regulated entities fulfill their mission by operating in a safe and sound manner to serve as a reliable source of liquidity for equitable and sustainable housing finance and community investment.
 
Read FHFA's Strategic Plan »
 

ALTA: Regulation of Title Fee Rates Is Already Rigorous

HousingWire | April 18, 2022
When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect.

This includes being transparent and fair in the title and settlement fees charged to consumers when buying a home or refinancing.

Initiatives to increase housing affordability have policymakers and regulators, among other stakeholders, seeking opportunities to help consumers with affordability challenges. We share these goals.

Recently there have been misleading claims regarding the lack of conformity in title fees. As I’ll explain, there is rigorous regulation of our industry and federal disclosure requirements for all fees associated with obtaining a mortgage.

Read More »
 

Texas A&M Real Estate Research Center Conference Next Week: 31st Annual Outlook for Texas Land Markets

Texas Department of Insurance | April 6, 2022
The 31st Annual Outlook for Texas Land Markets provides information on a variety of legal, economic, social, and natural resources issues influencing current land market dynamics. 
 
31st Annual Outlook for Texas Land Markets
April 28-29, 2022
Hyatt Regency San Antonio Riverwalk
 
Learn More or Register » 

In addition to live webinars held throughout the year, you have access to our library of more than 80 On-Demand webinars and videos  covering the title industry topics you need to earn continuing education credits and stay ahead of the curve on the latest industry trends!