In the January 7, 2021 issue of the Federal Register (86 FR 1168), the U.S. Department of Labor (DOL) through its Wage and Hour...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
CFPB Creates New Category of Qualified Mortgages – Seasoned QM
In the December 29, 2020 issue of the Federal Register (85 FR 86402), the Consumer Financial Protection Bureau (CFPB) published...
Texas Finance Commission Adopts Amendments to Texas Administrative Code Chapter 80 (Texas Residential Mortgage Loan Companies) and Chapter 81 (Mortgage Bankers and Residential Mortgage Loan Originators)
In the January 1, 2021, Texas Register, the Finance Commission of Texas (Commission) published amendments to the Texas...
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Mortgagee Letter 2020-49 Revises Form HUD-92900-A, HUD Addendum to Uniform Residential Loan Application
In Mortgagee Letter 2020-49 (ML 2020-49) FHA announced the publication of a revised Form HUD-92900-A, “HUD Addendum to Uniform...
FHA Announces New Single Family Loan Limits for 2021
On December 2, 2020, the Federal Housing Administration (FHA) announced its new schedule of loan limits for calendar year 2021...
CFPB Issues Procedural Rule Establishing Advisory Opinions Policy
In the December 3, 2020, issue of the Federal Register (85 FR 77987), the Bureau of Consumer Financial Protection (Bureau)...
OCC Proposed Regulation for Fair Access to Financial Services
In the November 25, 2020, issue of the Federal Register (85 FR 75261, click here), the Office of the Comptroller of the Currency...
Private Flood Insurance for FHA-Insured Mortgages
In the November 23, 2020, issue of the Federal Register (85 FR 74630, click here), HUD published a proposed rule, with a request...
Home Equity Lending Interpretation Amendments Adopted by the Finance Commission of Texas and Texas Credit Union Commission
Effective November 26, 2020, the Finance Commission of Texas and the Texas Credit Union Commission (herein “Commissions”) adopt...