According to our sources on Capitol Hill in Washington, D.C., proponents of the so-called Mortgage Choice Act (H.R. 3211) have attached their bill to a new piece of federal legislation heading to a roll-call vote today. The new bill is The Insurance Capital Standards...
NATIONAL ASSOCIATION OF INDEPENDENT LAND TITLE AGENTS
HR 3211 – The bull-rush is on
Last week, the House Financial Services Committee (HFSC), in a surprise move, convened a full committee hearing on 15 pending bills including HR 3211 and "voice-voted" HR 3211 onto the House floor for further consideration. The Chairman of the HFSC, Rep. Jeb...
Don’t let RESPRO and others determine your fate?
This is another important update on the pending legislation known as the Mortgage Choice Act and efforts by the affiliated business lobby to decrease your efforts to compete for settlement business and to raise the cost of closings for American consumers. Members of...
House Committee Hears From NAILTA on HR 3211
Last week, the House Financial Services Committee (HFSC) held a hearing entitled, "How Prospective and Current Homeowners Will Be Harmed by the Qualified Mortgage Rule." Testifying for banks and credit unions were representatives of the lending industry who gave...
The Sprint to January 10th: HFSC Won’t Vote on H.R. 3211 This Year
Last week, we updated you on our progress with H.R. 3211, the so-called Mortgage Choice Act, that is being pushed through Congress by RESPRO, the banking lobby and others with affiliated business interests in the title insurance industry. We are happy to report that...
The Sprint to January 10th: Update on HR 3211
RESPRO and the banking lobby continue their efforts to push the Mortgage Choice Act in Congress. The bill now has 26 co-sponsors, the vast majority of which are Republicans, and RESPRO has succeeded in getting the Ranking Minority Member, Rep. Maxine Waters (D-CA) to...
Who is RESPRO and Why Do They Support H.R. 3211?
This is an important update on H.R. 3211. At the end of September, a bipartisan group of representatives from the House Financial Services Committee introduced a RESPRO-sponsored piece of legislation known as H.R. 3211, the Mortgage Choice...
H.R. 1077 is Dead; Replaced with H.R. 3211
Never underestimate a determined opponent. On September 28, 2013, shortly before Congress shut down, a bipartisan group of representatives from the House Financial Services Committee introduced a RESPRO-sponsored piece of legislation known as H.R. 3211, the Mortgage...