Oct. 12, 2022
In This Issue:
- FHFA Proposes Rule to Assist U.S. Border States
- ICYMI: FinCEN Issues Final Rule for Beneficial Ownership Reporting
- New Wire Fraud Scheme Exploits Virtual Meetings
- Full Schedule for Texas Land Title Institute Now Available
FHFA Proposes Rule to Assist U.S. Border States
DS News | Oct. 11, 2022
The Federal Housing Finance Agency (FHFA) has proposed to amend the Agency’s Duty to Serve (DTS) Underserved Markets regulation to facilitate Fannie Mae and Freddie Mac’s (the GSEs) activities related to serving colonias.
Generally, U.S. Department of Housing and Urban Development (HUD) and United States Department of Agriculture (USDA) Rural Development both define "Colonias" as rural communities within the U.S.-Mexico border region that lack adequate water, sewer, or decent housing, or a combination of all three. This definition is broader than the iconic image of a “colonia” as a scattered rural homestead on inappropriately subdivided land, with housing made of salvaged materials, and no utilities. The definition encompasses other types of communities as well, such as dense settlements of modular housing or trailer homes.
Since 1991, HUD has made funding available specifically for colonias communities in the four Border States of Texas, New Mexico, Arizona, and California.
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ICYMI: FinCEN Issues Final Rule for Beneficial Ownership Reporting
ALTA | Sept. 29, 2022
The Financial Crimes Enforcement Network (FinCEN) on Sept. 29 issued a
final rule implementing its new beneficial ownership information (BOI) reporting requirements. This is the first of three rules that FinCEN is putting out to implement the Corporate Transparency Act (CTA). ALTA has been actively engaged with FinCEN as a part of this process and submitted two comment letters as a part of the rulemaking.
Currently, ALTA is reviewing the rule and will provide resources to assist members in understanding how it will impact their businesses. The rule outlines who must file a BOI report, what information must be reported and when a report is due. The effective date for the rule is Jan. 1, 2024.
Read More from ALTA »
Review FinCEN's Final Rule »
New Wire Fraud Scheme Exploits Virtual Meetings
National Association of Realtors | Oct. 5, 2022
Hackers can infiltrate online meeting platforms, posing as a legitimate party to a real estate transaction, and give your clients fraudulent wire instructions. Learn how to spot them.
Read More »
Full Schedule for Texas Land Title Institute Now Available
We're pleased to announce that we've released the
full schedule for 2022 Institute.
Difficult Entity Issues
Fraud - Looking Under the Surface
Remote Notarization - Where Are We Now
Blockchain in the Title Industry
Review the Full Schedule
Designed for real estate attorneys, agency owners and advanced closers, the annual Texas Land Title Institute brings top title professionals to the beautiful Hyatt Regency Hill Country Resort for world-class training and networking. You won't want to miss this opportunity to learn the latest, network with the best in the business, and earn valuable CE from the most talented and experienced minds our industry has to offer!
Save Your Spot - Register for Institute Now
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Check out TLTA's collection of more than 80 on-demand webinars and videos!