Under Texas law, there is generally a one-year seasoning period for refinancing an existing loan made under Article XVI, Section...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
CFPB Issues Policy Statement – “Statement on Supervisory and Enforcement Practices Regarding the Fair Credit Reporting Act and Regulation V in Light of the CARES Act”
On April 1, 2020, the Bureau of Consumer Financial Protection issued the above Policy Statement “to highlight furnishers’...
Credit Reporting Protection for Consumers During COVID–19 Pandemic
On March 27, 2020, the President signed into law the CARES Act (Public Law No. 116-136). Section 4021 of the Act amends Section...
CFPB Provides Flexibility During COVID-19 Pandemic – Press Release
Today, the CFPB posted on its website a press release announcing that it is providing needed flexibility to enable financial...
Correction Instruments
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Gap Coverage under Texas Loan Polices of Title Insurance
Based on recent inquires by several of our clients, this memorandum is to advise that the following gap coverage for loans...
TDSML Issues Notice Temporarily Suspending Requirement that Mortgage Entity Licensed Locations be Open to the Public
Due to the COVID-19 situation, the Texas Department of Savings and Mortgage Lending posted on its website the following notice...
COVID-19 Response
To our Clients and Friends, A core value at Black, Mann, and Graham is to demonstrate a caring attitude for our clients...
CFPB Bulletin 2020-01 on Responsible Business Conduct
On March 6, 2020, the CFPB published Bulletin 2020-01 on responsible conduct that updates CFPB Bulletin 2013-06 on the same...
Precautions for COVID-19
With the confirmed reports of the novel coronavirus (also known as COVID-19) within the United States, we at BMG are taking...