In the September 6, issue of the Texas Register (Volume 49, Number 36, Pages 6864-6949), the Finance Commission of Texas on...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Texas Home Equity Lending Rules in Texas Administrative Code Readopted
In the August 2, 2024, issue of the Texas Register (Volume 49, Number 31, Pages 5607-5826), the Finance Commission of Texas and...
CFPB Releases Circular Providing Guidance on Confidentiality Agreements and Whistleblower Protections
On July 24, 2024, the Consumer Financial Protection Bureau (“CFPB”) released a Consumer Financial Protection Circular (Circular...
Recording of Stakeholders Webinar now Available for Texas Department of Savings and Mortgage Lending Proposed Changes to Texas Administrative Code Rules
On June 6, 2024, the Texas Department of Savings and Mortgage Lending announced that they are considering changes to their rules...
VA Circular 26-24-14 Creates Temporary Local Variance for Veteran-Buyers to Pay Buyer-Broker Charges
On June 11 2024, the Department of Veteran Affairs (VA) published Circular 26-24-14 (click here) that announced a temporary...
Texas Department of Savings and Mortgage Lending Announces Consideration of Changes to Texas Administrative Code Rules
On June 6, 2024, the Texas Department of Savings and Mortgage Lending announced (click here) that they are considering changes...
CFPB Invites Public Comments Regarding Mortgage Fees
In the June 6, 2024 issue of the Federal Register, 89 FR 484000 (click here), the Consumer Financial Protection Bureau (“CFPB”)...
Fannie Mae and Freddie Mac Clarify that Builder Forward Commitments Are Not Interested Party Contributions
On June 5, 2004, both Fannie Mae (Selling Guide Announcement SEL-2024-04, click here) and Freddie Mac (Bulletin 2024-7, click...
Consent to lien on homestead by trustee
The protection of the homestead against forced sale by creditors in Texas is incorporated into the State’s Constitution and is...
Texas Appellate Court Affirms Attorney’s Fees on Equitable Subrogation Claim on Home Equity Litigation
On March 21, 2024, the Court of Appeals, Corpus Christi-Edinburg, in an unpublished opinion, ruled that a trial court had the...