One major concern for multi-state mortgage lenders is the diversity of real estate law throughout the country. This includes the...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Home Equity Lending Interpretation Amendments to §§153.1, 153.5, 153.12, 153.13, 153.17, 153.22, 153.26, 153.45, 153.51
In the December 31, 2021, issue of the Texas Register, click here, the Joint Financial Regulatory Agencies adopted final...
Higher-Priced Mortgage Loan Escrow Account Asset-Size Exemption Thresholds Updated for 2022
In the December 23, 2021 issue of the Federal Register (86 FR 72820), the Bureau of Consumer Financial Protection (“CFPB”)...
Home Mortgage Disclosure (Regulation C) Asset-size Exemption Threshold Adjusted for Data Collection in 2022
In the December 23, 2021, issue of the Federal Register (86 FR 72818, click here) the Consumer Financial Protection Bureau...
CFPB and DOJ Issue Joint Letter to Mortgage Servicers Regarding Servicemember and Veteran Homeowner Protections During the COVID-19 Pandemic
On December 20, 2021, the CFPB and DOJ issued a joint letter to mortgage servicers on military homeowner protections under the...
CRA Asset-size Thresholds Revised for 2022
In the December 20 2021, issue of the Federal Register (86 FR 71813, click here), C), the Board of Governors of the Federal...
Updated Exemption Thresholds for Consumer Credit Transactions and Higher-Priced Mortgage Loan Appraisals
In the November 30, 2021 issue of the Federal Register (86 FR 67851, click here), the Board of Governors of the Federal Reserve...
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the November 2, 2021, issue of the Federal Register (86 FR 60357, click here), the Consumer Financial Protection Bureau...
Texas Legislative Update V – Senate Bill 43 Adds Chapter 159, Finance Code, Financing Purchase of Residential Real Estate with Wrap Mortgage Loan
This legislative update addresses Senate Bill 43 from the 2021 Regular Legislative Session. Senate Bill 43 is effective January...
7 TAC Chapter 81, Mortgage Bankers and Residential Mortgage Loan Originators, Amended Effective November 4, 2021
In the October 29, 2021 issue of the Texas Register (Pages 7389 - 7396), the Finance Commission of Texas, on behalf of the Texas...