On August 1, 2019, the FHA issued Mortgagee Letter 2019-11 which reduces the current Maximum Loan-To-Value (LTV) and Combined...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the August 1, 2019, issue of the Federal Register (84 FR 37565), the Consumer Financial Protection Bureau established the...
Texas Legislative Update IV – Bills Effective September 1, 2019 and Later
This legislative update summarizes bills from the 2019 Legislative Session that are effective on or after September 1, 2019,...
Texas Legislative Update III – Bills Effective Immediately
This legislative update summarizes bills from the 2019 Legislative Session that are effective immediately that we consider are...
Texas Legislative Update II – Finance Commission of Texas, Department of Banking, Savings and Mortgage Lending Department, Office of Consumer Credit Commissioner continued in existence to September 1, 2031.
This legislative update summarizes Senate Bill 614 and House Bill 1442 from the 2019 Regular Session of the 86th Texas...
Texas Legislative Update I – Senate Bill 2330 Grants Temporary Authority for Residential Mortgage Loan Originator Applicants
Effective for applications submitted to the appropriate Texas regulatory official on or after November 24, 2019, Senate Bill...
Debt Collection Practices Proposed Amendments to Regulation F
In the May 21, 2019, issue of the Federal Register (84 FR 23274, click here) the Consumer Financial Protection Bureau (CFPB)...
Assumptions – Are Loan Estimates and Closing Disclosures Required?
On May 1, 2019, the Consumer Financial Protection Bureau (CFPB) published a Factsheet discussing whether Loan Estimates and...
CFPB Proposed Rule to Amend HMDA Regulation C
In the May 13, 2019, Federal Register (84 FR 20972, click here) the Consumer Financial Protection Bureau (CFPB) published a...
FHA Extends ML 19-06 Requirements for Down Payment Assistance by Government Entities to July 23, 2019–ML 19-07
On April 18, 2019, HUD issued Mortgagee Letter 19-06, (click here) setting forth new documentation requirements for down payment...