Dateline

The Dateline Austin newsletter goes out via email every week to TLTA members and covers the latest important regulatory and legislative updates title professionals need to know about.


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2019


December 18, 2019

  • Texas Supreme Court Grants Petition for Review in Chicago Title v. Cochran
  • TREC Seeks Public Input on Recently Proposed Rules
  • Are There 'No-Risk' Areas on Flood Maps?
  • World’s Biggest Banks Paying $386 Million to Settle Allegations of Price-Fixing Fannie Mae, Freddie Mac Bonds
  • U.S. Finally Giving Boot to Official Foot Measurement

December 10 2019

  • TDI Proposes New Stat Codes for Recent Rate Rule Changes
  • Fannie Mae and Freddie Mac to Rein in Risky Mortgages
  • States of Housing: Does Texas Still Have the Edge?

December 4, 2019

  • As Experienced Texas Congressmen Retire, Will the State's Sway in Congress Decline?
  • HUD Looks to Eliminate Regulatory Barriers to Affordable Housing
  • FHA Increases Rehab Loan Limits for Opportunity Zones
  • CFPB Fall 2019 Agenda Released: Loan Originator Compensation Rule Changes, GSE Patch, PACE, and More
  • Meet the Man Loosening Bank Regulation, One Detail at a Time
  • ALTA Registry Grows to More than 8,000 Listings; Get Your Free Listing Today

November 26, 2019

  • CFPB Requests Public Comment on Plan to Assess TRID Closing Disclosure Rule
  • Governor Abbott Announces Runoff Election Dates
  • Interim Charges for Texas House of Representatives Released
  • TREC: November Meeting Includes Rule, Form Changes
  • Fake Deeds Allegedly Filed From Prison to Steal North Texas Properties

November 20, 2019

  • Cybercrime Booms as Scammers Hack Human Nature to Steal Billions
  • Texas Bankers Submit Amicus Letter in Freddie Mac v. Zepeda
  • TREC Names Chelsea Buchholtz Executive Director; First Female ED in Commission's History
  • TWIA to Consider 5 Percent Rate Hike at Next Meeting
  • J.D. Power: Consumers Less Satisfied With Mortgage Lenders; Too Much Technology May Be the Culprit

November 13, 2019

  • Underwriters: TDI Proposes 2020 Maintenance Fees and Assessments
  • TLTA Submits Amicus Letter in Case Before Supreme Court of Texas
  • Governor Abbott Appoints Five Texans to Texas Privacy Protection Advisory Council
  • FinCEN Reissues Real Estate GTOs for 12 Metropolitan Areas, Including Bexar, Tarrant and Dallas Counties
  • Texas Realtor Legal Q&A: Who Gets to Pick the Title Company That Will Issue the Owner Policy?

November 6, 2019

  • ELECTION UPDATE: 9 of 10 Constitutional Amendments Approved; Special Elections for Texas House Headed to Run-offs
  • How a New Rainfall Study Affects Texas Commercial Real Estate
  • MISMO Releases ALTA-Supported Closing Instructions Templates
  • TDI Job Opening: Title Insurance Specialist

October 30, 2019

  • TDI Quarterly Audit Results Published
  • Early Voting Ends Friday, Nov. 1. Election Day Is Nov. 5
  • Opportunity Zone Tax Breaks Are Off To a Sluggish Start
  • Calabria: Fannie Mae and Freddie Mac Will Increase Focus on Exiting Conservatorship
  • TDI Job Opening: Title Insurance Specialist

October 23, 2019

  • Texas House Speaker Dennis Bonnen Won't Seek Reelection
  • Supreme Court Will Hear Constitutional Challenge to Structure of Consumer Financial Protection Bureau
  • Early Voting in Texas’ Constitutional Amendment Election Started Monday; Here’s What Voters Will Decide
  • TDI Job Opening: Title Insurance Specialist
  • Calabria Says He’s Willing to Wipe Out Fannie Mae, Freddie Mac Shareholders

October 16, 2019

  • Secret Audio Recording of Texas House Speaker Released
  • Kraninger to Deliver CFPB's Semi-Annual Report to House Financial Services, Senate Banking Committees This Week
  • TDI Job Opening: Title Insurance Specialist
  • CFPB Issues Final HMDA Rule
  • FEMA Bought 44,000 Flood-Prone Homes. They May Have to Buy Millions More

October 9, 2019

  • TLTA Submits Amicus Letter in Case Before Supreme Court of Texas
  • TDI Job Opening: Title Insurance Specialist
  • Mike Savas: Consumer-Friendly Title Insurance Proposals Adopted by Texas Department of Insurance
  • New Real Estate-Related Laws You Should Know About
  • Commentary: In Case Against Ocwen, a Sign of Turmoil to Come for CFPB
  • Fannie Mae and Freddie Mac Now Appear to Be Here to Stay. How Exactly Did That Happen?

October 2, 2019

  • TLTA Submits Rule Proposals to TDI
  • TDI Job Opening: Title Insurance Specialist
  • U.S. House Approves Cannabis-Related Banking Legislation Designed to Give Certainty to Businesses Operating in States Where Marijuana Is Legal
  • Treasury to Allow Fannie Mae, Freddie Mac to Retain $45 Billion in Capital
  • Appraisals Will No Longer Be Required on Certain Home Sales of $400,000 and Under

September 25, 2019

  • TREC Amends Rules Related to Paying for Referrals of Business
  • TLTA Hosts Grassroots Meet-and-Greet for Reps. Kacal and Raney in Bryan-College Station
  • TREC Proposes Amendments to Continuing Education Rules
  • Tarrant County Commissioners Court Increases Recording Fees
  • Cyberattack on Corcoran Group Another Wake-Up Call to Industry
  • VIDEO: Fannie Mae and Freddie Mac Won't Go to Market Until End of 2020, FHFA Director Says

September 18, 2019

  • Senate Banking Committee Holds Hearing on Trump Administration’s Housing Finance Reform Plans
  • ICYMI: New TDI Rules for All Texas Licensed Escrow Officers and Title Agents
  • Calabria: Fannie Mae and Freddie Mac Won’t Privatize Until 2020’s End or Later
  • Flood Insurance Extension Likely, But Reforms Elusive

September 11, 2019

  • U.S. Treasury Department Releases Plan to Restructure Fannie Mae and Freddie Mac
  • Fidelity and Stewart Merger Terminated After FTC Complaint
  • TLTA Co-Signs U.S. Chamber Letter Requesting Delayed Implementation of California Privacy Law

September 5, 2019

  • Reporting Clarification: Stat Codes
  • TDI: Fresh Look at Insurance Rules
  • U.S. House Committee on Financial Services - Fall 2019 Priorities
  • Outgoing Wire Preparation Checklist
  • TDI: Going the Extra Mile to Improve Service
  • Finance Commission of Texas: Residential Mortgage Loan Originators Regulated by the Office of Consumer Credit Commissioner

August 28, 2019

  • Basic Manual Changes Effective Sept. 1
  • More Legislative Changes Affecting Title Agents Effective Sept. 1
  • Trump Administration to Release Plan for Fannie, Freddie After Labor Day
  • Appraisals May Soon Not Be Required on Certain Home Sales of $400,000 and Under
  • Moody’s Rates New FHA Condo Guidelines Credit Positive

August 21, 2019

  • Sen. Brandon Creighton Honored With Outstanding Legislator Award
  • Notice to Public and to All Interested Mortgage Lenders: Mortgage Credit Certificate Program
  • HUD Officially Abandons New Rules for Down Payment Assistance on FHA Mortgages
  • HUD Expands Section 220 Program to All Opportunity Zones

August 14, 2019

  • SURVEY: How's It Going with RON?
  • NAIC Issues Consumer Wire Fraud Alert
  • Fannie Mae, Freddie Mac Delaying Use of New Uniform Residential Loan Application
  • Do I Really Need Flood Insurance?

August 7, 2019

  • Congress Continues Wire Fraud Awareness Drumbeat
  • CFPB Updates: TRID FAQs, Truth in Lending Annual Threshold Adjustments, Home Mortgage Disclosure Act Comment Period
  • TLTA On-Demand Webinars Address TDI's New Rate Rule Changes and Title Agent Data Call
  • TREC Releases Updated Seller's Disclosure Notice

July 31, 2019

  • TLTA Digital Closing Resources Rolled Out
  • TDI Quarterly Audit Results Published
  • 6 Questions on the CFPB Plan to End Fannie and Freddie's 'Patch'
  • Applications Now Being Accepted for TLTA's Leadership Academy

July 24, 2019

  • TLTA Releases 2019 Legislative Report
  • Congressman Cuellar Urges Secretary of the Treasury to Act on Wire Fraud Report Mandate
  • TLTA Webinars Address TDI's New Rate Rule Changes and Title Agent Data Call
  • ALTA Says Compliance Clarity Needed for Businesses Providing Services to Cannabis Industry
  • Leslie Midgley and Aaron Day Provide Advocacy/Regulatory Update to FLTA

July 17, 2019

  • TDI Issues Annual Title Agent Data Call
  • Federal Reserve Responds to Wire Fraud Letter
  • Trump Team Wary of Fannie-Freddie Fix Before 2020 Election
  • Trade Groups Cast Doubt Over FHA's Attempt to Remove Lending Roadblocks

July 10, 2019

  • TLTA Submits Amicus Letter in Case Before Texas Supreme Court
  • ALTA Alert: Companies Should Take Steps to Protect Systems
  • TDI Commissioner Kent Sullivan: 'Let’s Help People Complain'
  • VA Loan Churning Is Driving Up Mortgage Costs for all Government Borrowers

July 3, 2019

  • Financial Services Appropriations Bill Contains Report Language on Wire Fraud
  • Coalition to Stop Real Estate Wire Fraud Launches to Protect Consumers From Growing Scam Targeting Homebuyers
  • CFPB Reviews Defining Abusive Acts or Practices Under the Dodd-Frank Act

June 26, 2019

  • Compliance Webinar: New Rate and Rate Rule Changes to the Basic Manual
  • Texas Tops the U.S. for Real Estate Development Spending and Jobs
  • Free Guide Outlines Legal Issues for Texas Landowners
  • Push to Overhaul Fannie, Freddie Nudges Up Mortgage Costs

June 19, 2019

  • Gov. Abbott Signs Last of TLTA's Legislative Priorities as 86th Legislative Session Officially Closes
  • Democrats, Republicans Vote Unanimously to Pass Flood Insurance Reform
  • Moody's: Increased Competition for Fannie, Freddie Would Be a Credit Negative
  • SEC, FBI Reportedly Investigating Live Well Financial Collapse

June 14, 2019

  • TDI Adopts Order for Rate and Rule Revisions
  • Governor Signs Industry's Priority Bills
  • Draft of Reorganized Basic Manual Published by TDI for Public Comment
  • Following Industry's Advocacy, Texas Members of Congress Submit Letter to Fed Requesting Closer Examination of Wire Fraud, Development of Potential Solutions

June 5, 2019

  • Texas Society of Professional Surveyors Updates Standards, Specifications for 1A, 1B Surveys
  • TDI Commissioner Sullivan Offers Resources to Support Plain Language Initiative
  • CFPB Video: How to Protect Yourself and Your Closing Funds From Mortgage Closing Scams
  • New TILA-RESPA Factsheet From CFPB
  • FHFA Merges GSE Issuance to Common Security in Bid to Cut Housing Costs for Millions

May 29, 2019

  • Legislative Update: 100% of TLTA's Legislative Priorities Approved by Lawmakers
  • TDI Rate Hearing Held in Austin May 23
  • TREC Proposes New Rules for Settlement Service Providers
  • First American Issues Statement Re: Their Ongoing Information Security Investigation
  • Here Are 5 Things the CFPB Will Focus on in 2019
  • Calabria: U.S. Government Could Stagger Fannie, Freddie Privatization

May 22, 2019

  • Legislative Update: Final Week of the 86th Session
  • TDI Rate Hearing in Austin Thursday
  • Fannie Mae and Freddie Mac Are Refinancing Fewer Mortgages Than at Any Point Since the Crisis
  • Calabria: Ending the Net Worth Sweep Is Step One of GSE Reform, IPOs Are an Option
  • Baltimore Property Market Resets, Using Manual Workaround to Avoid Hacked Computer Networks

May 15, 2019

  • Legislative Update: Less than 2 Weeks Remain in the Texas Legislature's 86th Session
  • TDI Rate Hearing In Austin Next Week
  • TLTA Delegation Meets With Congressmen, Regulators and Staff During ALTA Advocacy Summit 2019
  • CORRECTION: TDI Publishes Corrected Title Agent Experience Report for 2017
  • FinCEN Reissues Real Estate Geographic Targeting Orders for Bexar, Tarrant and Dallas Counties
  • ALTA Supports Anti-Money Laundering Bill
  • CFPB Details Plan to Reconsider and Potentially Eliminate Existing Rules

May 8, 2019

  • Legislative Update: TLTA Bills in Senate Business and Commerce Committee Tomorrow
  • Sen. Cruz Reintroduces Bill to Eliminate CFPB
  • New TREC Commissioners Confirmed: Welcome Barbara Russell and Jason Hartgraves
  • Real Estate’s Latest Bid: Zillow Wants to Buy Your House

May 1, 2019

  • Legislative Update: Priority Bills Advancing, Upcoming Deadlines, Final Month of Session
  • TDI Publishes Title Agent Statistical Report for 2017
  • TDI Quarterly Audit Results Published
  • Compliance Reminder: Guaranty Fee Reinstated as of TODAY
  • TLTA Welcomes ALTA's New Chief Executive Officer Diane Tomb
  • New TREC Chair Appointed - Scott Kesner of El Paso
  • ICYMI: FBI Releases Internet Crime Report

April 24, 2019

  • Legislative Update: Priority Bills, Property Taxes, State Budget Conferees
  • Compliance Reminder: Guaranty Fee Reinstated as of May 1
  • Texas Realtors: What Date Goes on the T-47?
  • ICYMI: Wells Fargo: Settlement Agent Communications
  • A Kinder, Gentler CFPB? Bureau Announces New Enforcement Rules
  • Calabria on GSEs: “A Path to End the Conservatorship”

April 18, 2019

  • Legislative Update: Major News in the Years-Long Battle Over Re-Regulation in Texas
  • Texas Senate Passes Property Tax Bill, Avoids 'Nuclear Option' Procedural Move
  • VIDEO: Kraninger: 'The Next Phase for CFPB'
  • Mark Calabria Takes Over as FHFA Director, Begins Push for Housing Finance Reform
  • UBS Hires Jeb Hensarling

April 10, 2019

  • Legislative Update: TLTA's Legislative Priorities Advancing as Planned and Objectionable Bills Remain Static
  • Texas Senate Passes Two-Year Budget With Money for Property Tax Cuts — But No Plan for How to Spend It
  • Commissioner Sullivan's Efforts to Modernize Technology at TDI Include Artificial Intelligence Pilot Project
  • FTC: Comments on Proposed Amendments to Safeguards, Privacy Rules Due June 13
  • Big Bank CEOs Are About to Face Angry Federal Lawmakers

April 3, 2019

  • Legislative Update: Steve Streiff Testifies on Priority Legislation, State Budget Advances, Property Tax Relief, and More
  • Property Tax Reform Bills Get a New Spark of Life in the Texas Legislature
  • New TDI Reports Available Online Include Data on Agents, Underwriters and Licensed Title Professionals
  • Why All Guarantors Must Serve a National Market
  • Marijuana Banking Bill Approved By Congressional Committee

March 27, 2019

  • Legislative Update: TTIGA Bill Advances, State Budget, Property Tax Relief, and More
  • When Big Businesses Want to Fight Their Property Tax Bills, Texas Law Hands Them an Easy Way, Critics Say
  • Fannie and Freddie Return to Senate Spotlight as Crapo Seeks Fix
  • World’s Biggest Banks Accused of Price-Fixing Fannie Mae, Freddie Mac Bonds
  • What Housing Industry Marketers Need to Know About Facebook's Latest Moves

March 20, 2019

  • Legislative Update: TTIGA Bill Has Hearing, Property Tax Reform Advances, State Budget Development Continues
  • ALTA Advocacy: Congressional Hearing Highlights
  • U.S. Consumer Bureau Under Fire in Congress Over Reduced Protection Activity
  • Latest FHA Shift to Mitigate Risks May Shut Out Some Homebuyers

March 13, 2019

  • TDI Sets May 23 Hearing Regarding TLTA's Rate Petition
  • Legislative Update: TLTA's Legislative Priorities Filed, Bills We're Monitoring, Special Election Results
  • New CFPB Director Kraninger Testifies Before Congress - Addresses Simultaneous Issue Disclosure Problem
  • Licensing Update: New Title Licensing Rules, Basic Manual Changes as of March 7
  • ICYMI: Positive Testimony About Texas' Title Insurance System During Recent Legislative Hearing

March 6, 2019

  • Legislative Update: Rep. Muñoz Files Title Insurance Regulation Bill, RON Clarification Filed, School Finance Reform
  • Texas Association of Realtors Hosting a Conversation With Texas Senate Committee Chairs March 7
  • U.S. House Financial Services Committee to Hold Review Hearing of CFPB March 7 –Kraninger Included as Witness
  • Real Estate Industry Groups Push 'Access and Affordability' in Letter on GSE Reform
  • Frequent Cryptocurrency Theft Gives Rise to New Area of Insurance

February 27, 2019

  • Legislative Update: Chairman of Senate B&C Files Title-Related Legislation, Bill Filing Deadline Looming
  • Hear Positive Testimony About Texas' Title Insurance System During Recent Legislative Hearing
  • U.S. Senate Banking Committee Approves Calabria as Head of FHFA
  • U.S. House Financial Services Committee Announces March 7 Hearing on CFPB
  • Fannie and Freddie Fist Fight Brewing Amid Trump Administration Infighting

February 20, 2019

  • Legislative Update: Day at the Capitol, Our Legislative Agenda Continues to Advance
  • TTIGA: Guaranty Fee Reinstated as of May 1
  • Do You Have Questions About the Texas Real Estate Commission's Laws or Rules?
  • 5 Questions Facing Fannie Mae and Freddie Mac in 2019
  • Sen. Perdue (R-Georgia) Introduces Bill to Change CFPB's Funding Source

February 13, 2019

  • Legislative Update: Bills We're Monitoring, Senate Property Tax Committee Advances Property Tax Reform Legislation, Special Election Results
  • TLTA Volunteers Continue Assisting TDI's Plain Language Initiative
  • National Association of Realtors Unveils GSE Reform Proposal
  • Fannie, Freddie See Massive Increases in Trading in January
  • Redfin, Zillow Now Buying Houses in Dallas, Houston

February 6, 2019

  • Legislative Update: Governor's State of the State, Property Tax Reform, Day at the Capitol
  • CFPB Update: FAQs on TRID Rule Published
  • U.S. Sen. Crapo Shakes Up GSE Reform With Housing Finance Plan of His Own
  • Lawmakers Need to Decide Nature of Texas Windstorm Insurer, Sunset Commission Says
  • FHFA Names New Chief of Staff

January 30, 2019

  • Legislative Update: Special Election Results, Day at the Capitol
  • Guaranty Fee to Be Reinstated May 1, 2019
  • TDI Quarterly Audit Results Published
  • Why the Shutdown Was a Big Deal for Housing
  • Five U.S. House Freshman to Watch on Housing Issues

January 23, 2019

  • Legislative Update: Senate Committee Assignments, Senate Finance Hearings Begin, Bill Tracking and More From the 86th Session of the Texas Legislature
  • CFPB Director Says Bureau Will Examine TRID Effectiveness
  • Texas Attorney General Opinion Regarding Electronic Signatures Supports TLTA's Pursuit of Remote Online Notary Clarification at Texas Legislature
  • 106th Congress Sees 10 New Members From Texas, Changes on Key Committees
  • FHFA Will Not Defend Its Constitutionality in Court

January 16, 2019

  • Legislative Update: Inauguration, Budget Proposals, Bill Tracking
  • Supreme Court Refuses to Hear Case Challenging Constitutionality of CFPB
  • The Shutdown's Impact on Financial Services
  • Meet Maren Kasper – The New Head of Ginnie Mae
  • New Push for Eminent Domain Reform Expected at Texas Legislature

January 9, 2019

  • The Texas Legislature Is Back In Session
  • Day at the Capitol: Registration Deadlines Approaching Quickly
  • Five Things to Watch As the Texas Legislature's 86th Session Gets Underway
  • Maxine Waters: Much of My Work Will Be Undoing Mulvaney's 'Damage' to CFPB
  • Watt Out: OCC's Otting Officially Takes Over As FHFA Director

January 3, 2019

  • Newly Elected Legislators Prepare for 86th Session of Texas Legislature – Which Starts Jan. 8
  • Compliance Reminder: Stop Collecting GARC Fee
  • Underwriters: TDI Adopts 2019 Maintenance Fees and Taxes, Examination Assessments
  • CFPB: Kraninger Kills Bureau Name Change
  • Fannie Mae Releases New Policies for Originations During Government Shutdown
  • FHFA's 2019 Plan for Fannie, Freddie