In the June 30, 2020 issue of the Federal Register (85 FR 39055), the Bureau of Consumer Financial Protection (CFPB) issued an...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
CFPB Proposed Rule to Amend Higher Priced Mortgage Escrow Exemption
In the July 22, 2020 issue of the Federal Register (85 FR 44228, click here) the Bureau of Consumer Financial Protection...
CFPB Proposed Rule to Amend General Qualified Mortgage Loan Definition
In the July 10, 2020 issue of the Federal Register (85 FR 41716, click here) the Bureau of Consumer Financial Protection...
CFPB Proposed Rule to Extend GSE Qualified Mortgage Sunset Date
In the July 10, 2020 issue of the Federal Register (85 FR 41448, click here) the Bureau of Consumer Financial Protection...
CFPB Issues Procedural Rule Establishing a Pilot Advisory Opinion Program
In the June 22, 2020 issue of the Federal Register (85 FR 37331, click here), the Bureau of Consumer Financial Protection...
CFPB Issues Proposed Procedural Rule for Advisory Opinion Program
In the June 22, 2020 issue of the Federal Register (85 FR 37394, click here), the Bureau of Consumer Financial Protection...
FHA Expands Home Retention Measures for Homeowners Financially Impacted by COVID-19 in Mortgagee Letter 2020-22
On July 8, 2020, the Federal Housing Administration (FHA) issued Mortgagee Letter 2020-22 (ML 2020-22, click here) that informs...
Flood Insurance Proposed Interagency Questions and Answers
In the July 6, 2020, issue of the Federal Register (85 FR 40442, click here), the Comptroller of the Currency (OCC), the Board...
FHA Mortgagee Letter 2020-19 Extends Foreclosure and Eviction Moratorium in Mortgagee Letter 2020-13
On June 17, 2020, the Federal Housing Administration (FHA) issued Mortgagee Letter 2020-19 (ML 2020-19). ML 2020-19 extends the...
OCC Issues Final Rule Amending OCC Regulations to Negate Interest Rate Transfer Decision in Madden v. Midland Funding, LLC, 786 F.3d 246 (2d Cir. 2015)
By final rule effective August 3, 2020, the Office of the Comptroller of the Currency (OCC) negates the decision in Madden v....