On June 5, 2004, both Fannie Mae (Selling Guide Announcement SEL-2024-04, click here) and Freddie Mac (Bulletin 2024-7, click...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
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...
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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On March 21, 2024, the Court of Appeals, Corpus Christi-Edinburg, in an unpublished opinion, ruled that a trial court had the...
VA Announces Supplemental Notice of Proposed Rulemaking for IRRRL Recoupment Period
In the March 7, 2024 issue of the Federal Register (89 FR 16491, click here), the Department of Veterans Affairs issued a...
CFPB Updates Internal Supervisory Appeals Process
In the February 22, 2024 issue of the Federal Register (89 FR 13262, click here), the Bureau of Consumer Financial Protection...
MORPAC: Black, Mann & Graham’s Legacy of Support
If you’ve worked in the real estate finance industry long enough, you’ve likely heard of MORPAC, the voluntary, bi-partisan PAC...
Revision of Texas Deed of Trust Form 3044
Fannie Mae recently announced a revised edition of their standard Texas Deed of Trust form (Form 3044) to correct a...
Fannie Mae Announces HomeReady Product Enhancement for Very Low-Income Purchase Borrowers
On January 24 2024, Fannie Mae issued Lender Letter (LL-2024-01) (click here), which announces a temporary enhancement to Fannie...
CFPB Announces Civil Penalty Inflation Adjustments
On January 11, 2024, the Bureau of Consumer Financial Protection (CFPB) announced its inflation adjustments for the maximum...