In a circular published September 19, 2023 (Consumer Financial Protection Circular 2023-03, link here ), the Bureau of Consumer...
Search Results
Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Recent Texas Appellate Decision Highlights Texas Inheritance Law Complexities
In a decision delivered July 27, 2023, the Texas Court of Appeals, Fort Worth reaffirmed potential hazards for lenders...
2023 Texas Legislative Update
The Texas Legislature recently closed their biannual regular session. Black, Mann & Graham L.L.P. monitored the legislative...
Fannie Mae Updates Limited Cash-Out Requirements
On July 5, 2023, Fannie Mae issued an announcement (SEL-2023-06) updating their Selling Guide. Among the updates was a revision...
Accrual of Equitable Subrogation. PNC Mortgage v. Howard, 2023 WL 3398580 (TX Supreme Court 2023).
Since at least 1890, Texas has recognized the common-law doctrine of equitable subrogation. Texas Land & Loan Co. v....
March 2023 update to Fannie Mae/Freddie Mac Uniform Texas Home Equity Security Instrument (Form 3044.1)
In March 2023, Fannie Mae/Freddie Mac revised the tagline and signature block of Texas Home Equity Security Instrument (Form...
Protected: Texas Home Equity Manual – 2023
Password Protected
To view this protected post, enter the password below:
HUD Announces 30 Basis Point Reduction for Annual MIP Premiums
On February 22, 2023, the U.S. Department of Housing and Urban Development (“HUD”) announced a 30 basis point reduction to the...
Fannie Mae Announces New 12-Month Seasoning Requirement for Cash-Out Refinances
On February 1, 2023, Fannie Mae announced a new seasoning requirement for cash-out refinances in Selling Guide Announcement...
Texas Attorney General opines that a corporate entity may act as a trustee or substitute trustee of a deed of trust in Texas
In an Opinion issued on February 6, 2023 (Opinion No. KP-0424), Ken Paxton, the Attorney General of Texas, stated that a court...