In a decision filed August 15, 2019, the United States Court of Appeals for the Fifth Circuit certified a question to the...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Mortgage Credit Certificate Program Notice by TDHCA
In the August 16, 2019, issue of the Texas Register (44 TexReg 4371), the Texas Department of Housing and Community Affairs...
FHA Rescinds ML 19-06 Requirements for Down Payment Assistance by Government Entities
On April 18, 2019, HUD issued Mortgagee Letter 19-06, (click here) setting forth new documentation requirements for down payment...
FHA Issues New Condominium Approval Process
In the August 15, 2019, Federal Register (84 FR 41846) and the August 14, 2019, update to FHA Single Family Housing Policy...
FHA Cash-out Refinance Mortgages – Mortgagee Letter 2019-11
On August 1, 2019, the FHA issued Mortgagee Letter 2019-11 which reduces the current Maximum Loan-To-Value (LTV) and Combined...
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...