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Federal Advocacy

Advocacy Updates

CFPB Released Fall Regulatory Agenda
The Consumer Financial Protection Bureau released a semiannual update of its rulemaking agenda. Under the Regulatory Flexibility Act, agencies are required to publish an agenda of rulemaking actions that the agency expects to take in the upcoming six months. These actions include pre-rule, proposed rule, final rule, long-term, and completed actions.

FHFA Maintains GSE Loan Limits in 2015
Last week, the Federal Housing Finance Agency announced that the maximum conforming loan limits for mortgages purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac will remain unchanged in 2015, at $417,000 for one-unit properties in most of the country.

FHFA Reverses Position; Allows Defaulted Homeowners to Buy Back REO at Current Market Value
On November 25th, the FHFA announced that Fannie Mae and Freddie Mac would change their Real Estate Owned (REO) policies to allow previous homeowners who have been through foreclosure to purchase their homes back at current market values. Additionally third-party purchasers (like state housing agencies and other charitable groups) will be able to purchase properties on the previous homeowners’ behalf and rent or finance the sale of the properties back to the homeowners.

ALTA News
If you’re looking for some free education during the holidays, don’t miss our next Title Topics webinar, “Nuts and Bolts of Title Plants: Why They’re Important and Trends in the Business,” on Wednesday, Dec. 10, from 2:00-3:00 p.m. EST. Title plants serve as a critical component of the title insurance industry in the majority of states by helping improve turn times and reducing cost through operational efficiencies and risk management. David Floyd, president of SKLD Title Services, and Andrew Wells, product manager of Property Insight, will provide a historical overview of title plants, discuss why we need them, explain key plant features and functionalities, and highlight trends and opportunities in the business. After registering, you will receive a confirmation e-mail containing information about joining the webinar. It’s recommended that you perform a system check before logging on. You may need to download software in order to access the webinar. Click here to register. In the meantime, if you missed last month’s webinar on social media compliance, you can listen to a recording and download a copy of the presentation here.

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Current Issues ALTA is Actively Engaged In

The American Land Title Association Government Affairs Team is currently engaged with policymakers and regulators on several issues that could affect the title industry. The following provides information on recent legislative and regulatory issues.

  • RESPA/TILA
  • QM
  • QRM
  • GSE Reform
  • Tax Reform
  • Harp 2.0/3.0
  • National Mortgage Database
  • Flood Insurance
  • Mortgage Modification/Short Sales
  • Point and Fees
  • REO
  • Legal Advocacy

Issue Archive

Click here to view archived issue information.



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American Land Title Association
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