Latest news with #AmericanLandTitleAssociation
Malaysian Reserve
03-07-2025
- Business
- Malaysian Reserve
ALTA Applauds Congress for Passing Tax Package Preserving Key Real Estate and Housing Provisions
WASHINGTON, July 3, 2025 /PRNewswire/ — The American Land Title Association (ALTA), the national trade association representing the land title insurance and settlement services industry, today issued the following statement from ALTA CEO Chris Morton in response to passage of the Tax and Reconciliation Package: 'Federal policy should reflect continued support for policies that promote housing growth, property investment and economic mobility,' Morton said. 'We are encouraged to see lawmakers preserve and enhance provisions vital to a strong real estate market, including the Qualified Business Income (QBI) deduction, the retention of Section 1031 like-kind exchanges, expanded Opportunity Zones and Low-Income Housing Tax Credit programs.' These tax provisions have long been supported by ALTA and its members, including: The 20% QBI deduction under Section 199A, which provides crucial relief for many small and midsize title and settlement companies organized as pass-through entities. Preservation of Section 1031 like-kind exchanges, which foster investment and development in both residential and commercial markets. Increased cap on the State and Local Tax (SALT) deduction to provide relief to homeowners in high-cost areas. Permanent mortgage interest deductibility and enhancements to the Opportunity Zones and Low-Income Housing Tax Credit programs to expand access to affordable housing and revitalization efforts. 'Real estate and housing plays a critical role in the health of the U.S. economy,' Morton added. 'We commend House and Senate leadership, as well as President Trump, for their commitment to preserving tax provisions that support property investment, small businesses and the broader housing economy.' ALTA will continue to advocate for state and federal policies that address housing affordability, strengthen consumer protections and support the title industry's role in protecting property rights and creating certainty in the real estate market. About ALTAThe American Land Title Association, founded in 1907, is a national trade association representing more than 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. ALTA members conduct title searches, examinations, closings and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles. Contact: Megan HernandezOffice: 202-261-0315Email: mhernandez@
Malaysian Reserve
11-06-2025
- Business
- Malaysian Reserve
American Land Title Association Announces Chris Morton as Chief Executive Officer
WASHINGTON, June 10, 2025 /PRNewswire/ — The American Land Title Association (ALTA) announced today that Chris Morton has been appointed chief executive officer, effective immediately. Morton succeeds Diane Tomb, who served in the role for the past six years. 'As the leader of our advocacy efforts, Chris Morton has been the public voice of our industry in Washington,' said Richard Welshons MTP, NTP, president of ALTA. 'He brings the right mix of experience, vision and steady leadership to guide ALTA. We thank Diane Tomb for her years of service and wish her well in future endeavors.' Morton previously served as ALTA's senior vice president of public affairs and chief advocacy officer. With more than 25 years of experience in the financial services sector, he has played a key role on ALTA's Executive Team, leading the association's public policy, political engagement and advocacy strategies. Morton has collaborated closely with ALTA leadership and industry partners to advance the title insurance industry's role in protecting homebuyers and their property rights. He has been recognized as a Top Lobbyist by The Hill newspaper and named as one of the 500 Most Influential People Shaping Policy by Washingtonian magazine. 'I am humbled by the industry's faith and trust in me,' Morton said. 'Our leadership remains deeply committed to continuing ALTA's legacy of promoting the title industry and the tens of thousands of title professionals across the country. These dedicated individuals work every day to protect the American Dream of homeownership in their communities. As we continue to tackle challenges like housing supply and affordability, I'm excited to lead an association dedicated to meaningful progress.' 'Our focus remains on executing our core mission, supporting our members and continuing to build an association that reflects our values,' added David Townsend MTP, NTP, ALTA's president-elect. 'Chris has demonstrated success in numerous roles over his career, and we are confident he will build on the great work of the association.' About ALTAThe American Land Title Association, founded in 1907, is the national trade association representing more than 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys, most of which are small businesses. Contact: Megan Hernandez Direct Office Line: 202-261-0315 Email: mhernandez@
Yahoo
22-05-2025
- Business
- Yahoo
ALTA Applauds House Passage of Tax Package
WASHINGTON, May 22, 2025 /PRNewswire/ -- American Land Title Association (ALTA) CEO Diane Tomb issued the following statement regarding the U.S. House of Representatives' passage of the One Big Beautiful Bill tax legislation. "We commend the House for passing legislation that recognizes the needs of American small businesses, including the thousands of title and settlement companies ALTA represents. The expanded deduction under Section 199A is a welcome step that supports the long-term health of our small business members and the communities they serve. ALTA is especially pleased to see the preservation of Section 1031 like-kind exchanges, which play a vital role in fueling real estate investment, promoting property improvements and driving local economic growth. Provisions supporting homeownership, including those related to mortgage interest and capital gains exclusions, help provide certainty for buyers, sellers and lenders alike—strengthening the entire housing ecosystem. We urge the Senate to build on this momentum and protect the real estate and housing incentives that help Americans build wealth, promote generational stability and drive our economy forward." About ALTAThe American Land Title Association, founded in 1907, is the national trade association representing more than 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. Contact: Megan Hernandez Direct Office Line: 202-261-0315 Email: mhernandez@ View original content to download multimedia: SOURCE American Land Title Association Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
