This memorandum is for clients that originate FHA HECM reverse mortgages. On October 22, 2018, the FHA issued Mortgagee Letter...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
CFPB Supervisory Highlights, Summer 2018
The following excerpts are taken from the CFPB’s Summer 2018 edition of its Supervisory Highlights published in the October 18,...
CFPB Publishes 2018 Glossary of English-Spanish Financial Terms
The CFPB has published an updated English-Spanish Glossary of Financial terms, click here, in cooperation with other federal...
FHA Requires Second Appraisal for Certain HECMs (ML 2018-06)
This memorandum is for clients that originate FHA HECM reverse mortgages. On September 28, 2018, the FHA issued Mortgage Letter...
CFPB Request for Comments and Information Regarding the CFPB’s Data Governance Program and its Data Collections
In the September 28, 2018, issue of the Federal Register (83 FR 49072, click here), the CFPB published a request for information...
CFPB Bulletin 2018-01: Changes to Types of Supervisory Communications
On September 25, 2018, the CFPB (the Bureau) issued Bulletin 2018-01 (click here) to announce changes to how it communicates...
Rural Housing Service (RHS) Proposed Rule to Amend Regulations for the Direct and Guaranteed Single Family Housing Loan and Grant Programs
In the August 31, 2018, Federal Register (83 FR 44504, click here), the RHS issued a proposed rule (Proposed Rule) to amend its...
CFPB Issues HMDA Interpretive Rule
In the September 7, 2018, issue of the Federal Register (83 FR 45325, click here), the Consumer Financial Protection Bureau...
TRID 2.0 Overview
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.
FEMA Notice of Changes in Flood Hazard Determinations
In the September 11, 2018, issue of the Federal Register (83 FR 45950, click here), the Federal Emergency Management Agency...