Here is the final installment of @Thomas E. Black Jr.’s Expert Counsel interview with @Housing Wire, describing our firm’s client offerings. HW: What kind of resources do you offer — not just to clients, but to anybody in the mortgage industry? TB: We believing strongly in sharing our knowledge with clients to help them better serve their customers. Our firm …
Make Your Voice Heard
Did you know there’s an easy way to advocate for our industry on the state and federal level? The @Mortgage Bankers Association’s Mortgage Action Alliance was conceived as a powerful force for industry professionals to let their voices be heard. Participating means you’ll have an opportunity to speak directly with your member of Congress, state legislators or federal regulators, using …
Fannie Mae: Low mortgage rates to boost prices
Our friends at @Housing Wire recently reported that Fannie Mae has raised its forecast for this year’s home-price gains, saying low mortgage interest rates and a strong labor market will accelerate demand for properties. Doug Duncan, Fannie Mae’s chief economist, said low-interest rates give consumers latitude to bid up prices. Fannie Mae forecast one month ago that single-family home prices …
Best Practices: Attorney Trust Opinion Letter
Continuing our series of commonly asked questions at closing, we asked Judy Phothisen, our Fulfillment Manager in the Dallas office, for advice on this question. Judy, I know BM&G prepares Attorney Trust Opinion letters to ensure a loan meets Fannie Mae eligibility requirements. Do you need additional documentation or materials for loans that close in the name of a trust? …
Getting to Know: James Pisanich
Each month we’re asking team members eight questions about themselves – from fun facts to superpowers and the best part of working at BM&G. Next up in our profile series is our IT Manager James Pisanich, who’s an old-school gamer. Here’s the scoop: 1. BM&G office location: Flower Mound 2. Number of years at BM&G: 1 3. Fun fact about …
Now Premiering: Chapter 342 Video
This month we’re introducing our latest video on the topic of Second Lien and Subordinate Lien Financing in Texas (Finance Code Chapter 342). For those needing a refresher, BM&G Attorney and Partner Greg Graham explains the four conditions under which a loan is subject to Chapter 342. Among them, when a loan is extended primarily for personal, family or household …
Tom Black: Getting Old
I recently shared my health report with our team and wanted to take a moment to update you. At the end of the year, I learned that I had prostate cancer, and last month, a scan confirmed that the cancer has spread to one small spot on my pelvis. Though no one wants to get cancer, there is some good …
Upcoming Industry Conferences: Look for us there!
Feb. 3-6 MBA Independent Mortgage Bankers Conference. New Orleans, LA Feb. 18-19 TMBA Southern Secondary Conference. Houston, TX Feb. 23-25 NEXT Winter 2020. Dallas, TX Mar. 23-25 Ellie Mae Experience 20. San Diego, CA Mar. 29-Apr 1 MBA Tech Solutions. Los Angeles, CA April 18-21 TMBA Annual. Austin, TX April 21-22 MBA Advocacy. Washington, DC April 22-24 Great River MBA …
Client Endorsement: PRMI
Thanks for your help recently. We REALLY appreciate all that you do for us here – from your “always willing to help” attitude, to your sponsoring of our charitable events, to tolerating us when we call and beg, “can you please get this out for us in 15 minutes??” Just reminiscing here: I think it’s been 12 years since Black, …
Upcoming Industry Conferences: Look for us there!
Feb. 3-6 MBA Independent Mortgage Bankers Conference. New Orleans, LA Feb. 18-19 TMBA Southern Secondary Conference. Houston, TX Feb. 23-25 NEXT Winter 2020. Dallas, TX Mar. 23-25 Ellie Mae Experience 20. San Diego, CA Mar. 29-Apr 1 MBA Tech Solutions. Los Angeles, CA April 18-21 TMBA Annual. Austin, TX April 21-22 MBA Advocacy. Washington, DC April 22-24 Great River MBA …