May 2018

TLDA Response to Sunset Commission Recommendations

The Texas Department of Savings & Mortgage Lending (TDSML), which is the regulating agency of our industry, appears before the Sunset Committee this week, in consideration of their recent recommendation to abolish the agency, rolling it into the Texas Department of Banking.  The Texas Land Developers Association has formulated the below response and invite our […]

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Monthly Membership Meeting – June 7 – with Edinburg Mayor

Texas Land Developers Association will host their monthly meeting on Thursday, June 7, at noon, at the McAllen Country Club, with special guest Mayor Richard Molina, of Edinburg.  Mayor Molina is a U.S. Army veteran who served in Operation Joint Forge-Bosnia and was honorably discharged. He was an employee of the Hidalgo County Sheriff’s Department

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Banks are walking away from low-income homebuyers

From CNN Money Banks have been walking away from low-income homebuyers seeking loans, and that has affordable housing advocates worried. Newly-released federal data on mortgage lending from the Consumer Financial Protection Bureau shows people with low- and moderate-incomes made up only 26.3% of borrowers in 2017, down from 36.6% in 2009…. Read more

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