On July 24, 2024, the Consumer Financial Protection Bureau (“CFPB”) released a Consumer Financial Protection Circular (Circular...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
July Events
Hello, July! We’re sharing this month’s industry networking and social opportunities for your calendar. We hope to see you soon....
Recording of Stakeholders Webinar now Available for Texas Department of Savings and Mortgage Lending Proposed Changes to Texas Administrative Code Rules
On June 6, 2024, the Texas Department of Savings and Mortgage Lending announced that they are considering changes to their rules...
VA Circular 26-24-14 Creates Temporary Local Variance for Veteran-Buyers to Pay Buyer-Broker Charges
On June 11 2024, the Department of Veteran Affairs (VA) published Circular 26-24-14 (click here) that announced a temporary...
June Events
June is shaping up to be a busy month for industry networking and learning opportunities. Ryan is traveling to Lubbock on June...
Texas Department of Savings and Mortgage Lending Announces Consideration of Changes to Texas Administrative Code Rules
On June 6, 2024, the Texas Department of Savings and Mortgage Lending announced (click here) that they are considering changes...
CFPB Invites Public Comments Regarding Mortgage Fees
In the June 6, 2024 issue of the Federal Register, 89 FR 484000 (click here), the Consumer Financial Protection Bureau (“CFPB”)...
Fannie Mae and Freddie Mac Clarify that Builder Forward Commitments Are Not Interested Party Contributions
On June 5, 2004, both Fannie Mae (Selling Guide Announcement SEL-2024-04, click here) and Freddie Mac (Bulletin 2024-7, click...
BMG Offers Training and Classes on Industry Topics
As a service to our clients, BMG’s legal team offers training on a variety of topics to help you stay current on the latest...
TMBA Welcomes New CEO Norman as Vercher, Fleming Retire
This spring, the Texas Mortgage Bankers Association announced the appointment of W. Scott Norman as the new Chief Executive...