Temporarily Offline

You may have noticed that our website,, was temporarily unavailable this morning due to traffic to the website exceeding bandwidth limits.  We apologize for any inconvenience this may have caused you and your operations. We are pleased that so

CFPB clarifies TRID

Yesterday morning, the CFPB published a notice in the Federal Register to correct a typo regarding tolerances and property taxes.  This clarification from the CFPB makes clear that property taxes ARE NOT subject to tolerances. There was concern among some

New Required Disclosure: Escrow Cancellation Notice

With all the focus on the TILA/RESPA Integrated Disclosures, it is easy to overlook some of the less challenging aspects of the new changes.  However, it is important that every Credit Union remember that the changes that went into effect

Congress Working to Pass TRID Hold Harmless Bill

October 12, 2015 On October 7, 2015, the U.S. House of Representatives passed HR 3192 to create an official hold harmless period for TRID compliance until February 1, 2016.  The bill must now be approved by the U.S. Senate.  This

TRID Has Arrived!

October 1, 2015  As a reminder, this Saturday, October 3, 2015, marks the beginning of TRID.  Any person applying for a residential mortgage loan beginning this Saturday must receive the new TRID disclosures.    We understand the next several weeks and

Disclosure of Home Mortgage Information to a Surviving Spouse

House Bill 831- Effective September 1, 2015   Texas Finance Code Section 343.103 Beginning September 1, 2015, residential mortgage servicers have a new responsibility to the surviving spouse of a deceased borrower.  Within 30 days of receiving a request for loan

Immediate Impact of the U.S. Supreme Court’s Obergefell Decision

July 1, 2015   The United States Supreme Court’s decision on June 26, 2015  in Obergefell vs. Hodges will have an immediate impact on Texas residential lenders.  This Law Letter discusses some of the results of the Supreme Court’s ruling that

CFPB to Delay TRID Rule Until Oct. 1

CFPB Director Richard Cordray issued the following statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until October 1, 2015. We made this decision to correct an administrative

Using a Power of Attorney to Close a Home Equity Loan

The Texas Supreme Court has clarified that lenders may use a Power of Attorney to close a Home Equity loan provided the POA was signed at the office of the lender, an attorney-at-law or a title company. Finance Commission of

The New Combined Mortgage Disclosures

We are all very aware of the voluminous residential mortgage lending regulations issued by the Consumer Financial Protection Bureau (CFPB) over the past several years, regulations that have had a significant impact on residential mortgage lending throughout the country. It

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242 W. Sunset, Ste. 201
San Antonio, TX 78209