November 14, 2012


Election Impact on Congress and Key Committees

TLTA Federal Legislative Counsel James Hyland takes a look at the recent election from a federal perspective and details the changes to Congress as a whole, as well as the changes to key committees for the title insurance industry, including the Senate Banking Committee and House Financial Services Committee. Read More »

Title Agents are Wary of Third-Party Vetting Firms 

The Washington Post | November 9, 2012
A debate is raging among real estate professionals over the role of third-party firms that vet the reliability of settlement service companies working for lenders. Seizing on the already jittery lending community, a number of start-up firms created something called third-party vetting companies. The mission of these for-profit firms is to fill the supervisory gap between lenders and the firms they hire to oversee real estate closings for consumers. For a fee, these "vetters" purport to conduct a due diligence investigation into the settlement service providers’ practices and procedures and generate a low-, medium- or high-risk index score that they then make available to lenders and others in the mortgage-lending industry. Read More »

TLTA recently provided an update on this issue in Texas, and we have also submitted this letter to the Texas Department of Insurance detailing our concerns with these lender vetting companies.

TLTAbay Closes Tomorrow - Bid on the Great Items Today!

Your Bids Help Support the TLTAPAC
TLTAbay, TLTA's annual online auction benefiting the TLTAPAC, is officially open and runs through 4 p.m. Thursday. Head over to the auction website, get your username registered and bid on some of the great items! From one-of-a-kind jewelry to sports tickets, this year's TLTAbay has more items to bid on than ever - and many of the items are still available for far less than their value!  

Bidding in TLTAbay is a great way to support the TLTAPAC while getting something in return. Every dollar this auction raises aids our mission to educate elected officials and promote the importance of title insurance in Texas - and that's as important as ever as we head into the 83rd Legislative Session! If you have any questions, e-mail ryan@tlta.com.

Thank You for Submitting Comments to the CFPB

Over the last several weeks, we have sent several CFPB Updates asking you to comment on various aspects of the Bureau's proposal to combine mortgage disclosure forms. We would like to thank you for taking the time to comment on this proposal that will have a huge impact on our industry. You may see all of the comments that have been submitted to the CFPB on their proposal here. We will continue to keep you posted on the status of the CFPB's proposal.

Register Today for the Texas Land Title Institute! 

...and Don't Miss the New Title Insurance Primer for Attorneys
On December 6-7, TLTA will hold the 22nd Annual Robert C. Sneed Texas Land Title Institute at the Hyatt Regency Hill Country Resort and Spa in San Antonio. This is the "must-attend" CLE event of the year, and if you've been before, you already know the value and quality of this program. Read more about the program, register online and book your hotel here.

You also won't want to miss our new program this year being held before the Institute on December 5 - Title Insurance - A Primer for Attorneys. This course will address title insurance questions that frequently arise in connection with a closing and are presented to the lawyer representing a party. The speakers will address title insurance due diligence for the client and how to assure the best coverage and rates. Read the detailed schedule and register for this program 
here
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Register for both of these programs, and you'll receive a free 1-year subscription to the Institute Legal Library. The online library chronicles all 21 years of Institute presentations - that's more than 400 course articles - and is searchable by topic. Can't make it to the Institute this year? Sign up today for the Institute Legal Library and you'll receive these next two months free. It's just $149 for members and $195 for nonmembers. Learn more here.