Nov. 16, 2022
In This Issue:
- Legislative Update: Pre-Filing Underway, Bills of Interest
- FHFA Announces New Multifamily Loan Purchase Caps for GSEs
- FBI Releases 2022 Congressional Report on BEC, Real Estate Wire Fraud
- Digging Deeper Into Like-Kind Exchanges (Part 2 of 2)
- New Ethics Webinar Available On-Demand: Claims and Ethical Issues
Legislative Update: Pre-Filing Underway, Bills of Interest
TLTA | Nov. 16 2022
The Texas Legislature's 88th Sesssion commences Jan. 10, 2023, and pre-filing of legislation for the session began this week.
Bills of Interest
In addition to pursuing passage of our industry's affirmative legislative agenda—which will be approved by TLTA's Board of Directors in January—TLTA's legislative team reviews all bills filed during the session and monitors those that might impact our industry or the state's real estate marketplace.
Nearly 1000 bills were pre-filed on Monday, and we've already identified some of the bills as worthy of inclusion in our
2023 bills of interest list, which we will maintain throughout the session, adding new bills of interest as they are filed. 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.
Day at the Capitol
As noted in last week's Dateline, we'll be welcoming nearly 40 new Texas legislators when the 88th Legislative Session kicks off in January, and your TLTAPAC and advocacy team have our work cut out for us educating those new members about title insurance – what we do and why our work is so important.
Maintaining effective lines of communication with the lawmakers who oversee our regulated industry will remain a top priority throughout the session, and your participation in
TLTA's Day at the Capitol Feb. 7-8 is crucial to our success. We plan to pack the halls of the Texas Capitol with title professionals in February –
join us!
FHFA Announces New Multifamily Loan Purchase Caps for GSEs
HousingWire | Nov. 10, 2022
The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA.
“The 2023 caps reflect an anticipated contraction of the multifamily originations market in 2023,” the FHFA said in a statement. “To ensure a strong focus on affordable housing and traditionally underserved markets, FHFA will require that at least 50% of the Enterprises’ multifamily business be mission-driven affordable housing.”
Affordable housing remains a top priority for the government, according to FHFA Director Sandra L. Thompson, and the FHFA’s strategy is designed to support that.
Read More »
FBI Releases 2022 Congressional Report on BEC, Real Estate Wire Fraud
ALTA | Nov. 15, 2022
The FBI released a report that summaries its efforts to combat business email compromise (BEC) scams and real estate wire fraud by working with partners to identify perpetrators and dismantle their organizations.
Read More from ALTA »
Review the FBI's Report »
Digging Deeper Into Like-Kind Exchanges (Part 2 of 2)
Texas A&M Real Estate Research Center | Nov. 14, 2022
Editor's note: This article is a follow-up to “Trading Spaces: Common Mistakes in a Like-Kind Exchange," which was published in the Summer 2022 TG.
When multiple individuals own real property—such as when children inherit their parents' estate or when entities like partnerships or limited liability companies (LLCs) hold the asset—problems can emerge when it comes time to sell that property.
Read More »
Read Part 1 of this 2-Part Series »
New Ethics Webinar Available On-Demand
Claims and Ethical Issues
CE CREDITS
1 hr Escrow Ethics
The duties of Texas escrow officers include potential for ethical dilemmas in different stages of the real estate transaction. Claims and Ethical Issues is a beginner webinar designed to give escrow officers the proper tools and ethical best practices to use when dealing with claims in the field. Using situational examples, this course covers ethical duties escrow officers need to follow within the law and guidelines that are set for them. Items identified and discussed in this webinar include a general and basic understanding of title insurance principles, coverages, laws, rules and regulations, and the duties and responsibilities of title insurance professionals.
Presenter:
Roland Love
Independence Title
Webinar Rating: (Beginner)
Cost: $40 for TLTA members / $54 for non-members
Available Anytime On-Demand
Register Now
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