TRID 2.0 Overview

In Videos by BMG Memorandum

Please click on the video below to access the TRID 2.0 Overview presentation. Please make sure you have your speakers on to listen and follow the presentation materials. You may download the documents which are covered in the TRID 2.0 Overview presentation below within the “Downloads” section. For the best view of the documents open the following PDF file on your computer or download the PDF and follow along with the recorded presentation.

Changes to Home Equity Lending in Texas – (S.J.R. 60) – Final Rules

In Client and Friends Memos, Texas Home Equity, Texas Legislation, Videos by BMG Memorandum

Please click on the video below to access the Changes to Home Equity Lending in Texas – (S.J.R. 60) – Final Rules presentation. Please make sure you have your speakers on to listen and follow the presentation materials.You may download the documents which are covered in the Changes to Home Equity Lending in Texas – (S.J.R. 60) – Final Rules presentation below within the “Downloads” section.For the best view of the documents open the following PDF file on your computer or download the PDF and follow along with the recorded presentation.

Changes to Home Equity Lending in Texas – (S.J.R. 60)

In Client and Friends Memos, Texas Home Equity, Texas Legislation, Videos by BMG Memorandum

Please click on the video below to access the Changes to Home Equity Lending in Texas – (S.J.R. 60) presentation. Please make sure you have your speakers on to listen and follow the presentation materials.You may download the documents which are covered in the Changes to Home Equity Lending in Texas – (S.J.R. 60) presentation below within the “Downloads” section.For the best view of the documents open the following PDF file on your computer or download the PDF and follow along with the recorded presentation.

Texas “Cash Out” Rules to Change

In Videos by BMG Memorandum

Attorney Tom Black explains the proposed changes to the Texas “Cash Out” rules and offers insights to possible implementation issues in the video below. These changes are associated with our June 15th memo on “Home Equity Lending Proposed Constitutional Amendments” which can be accessed by clicking the link under “Complete Memorandum” below.

Loan Originator Compensation

In Videos by BMG Memorandum

Please click on the video below to access the loan originator compensation presentation. Please make sure you have your speakers on to listen and follow the presentation materials. You may download the documents which are covered in the loan originator compensation presentation below within the “Downloads” section. For the best view of the documents open the following PDF file on your computer or download the PDF and follow along with the recorded presentation.

Appraisal / Valuation Rules after Dodd-Frank

In Videos by BMG Memorandum

PRESENTATION TOPICSection 1472 Dodd-Frank Wall Street Reform and Consumer Protection (Section 129E of the Truth in Lending Act.)Section 226.42 Federal Reserve Board Regulation Z (effective April 1, 2011)OTHER SOURCES:Interagency Appraisal and Evaluation Guidelines (Interagency Guidelines)Fannie Mae/Freddie Mac Appraiser Independence Requirements (Announcement SEL-2010-14 Dated: OCT. 15, 2010)HUD Mortgagee Letter (2009-28 Dated: SEPT. 18, 2009)

The New GFE Video

In Videos by BMG Memorandum

On November 17, 2008, the Department of Housing and Urban Development (“HUD”) published in the Federal Register (pages 68204 – 68288) its final rule (“final rule”) amending Regulation X. The final rule has two effective dates. Certain sections of the final rule are effective January 16, 2009 (and were the subject of our November 26, 2008 memorandum), and other sections of the final rule are effective January 1, 2010. Except for the brief discussion of HUD’s recent withdrawal of the final rule’s revised definition of “required use,” this memorandum will address those final rule changes that are effective January 1, 2010.

The New HUD-1 Video

In Videos by BMG Memorandum

On November 17, 2008, the Department of Housing and Urban Development (“HUD”) published in the Federal Register (pages 68204 – 68288) its final rule (“final rule”) amending Regulation X. The final rule has two effective dates. Certain sections of the final rule are effective January 16, 2009 (and were the subject of our November 26, 2008 memorandum), and other sections of the final rule are effective January 1, 2010. Except for the brief discussion of HUD’s recent withdrawal of the final rule’s revised definition of “required use,” this memorandum will address those final rule changes that are effective January 1, 2010.

Truth-In-Lending Training Seminar

In Videos by BMG Memorandum

In a final rule published in the May 19, 2009 issue of the Federal Register (the “May 2009 final rule”), the Federal Reserve Board (“Board”) amends the early disclosure requirements of Section 226.19(a) of Regulation Z. This video will describe this rule in more detail.