by brandon | Aug 26, 2020 | Real Estate Law
On August 25, 2020, the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac, announced the adverse market refinance fee implementation would be delayed until December 1, 2020. Additionally, the FHFA announced that refinances with loan...
by brandon | Aug 18, 2020 | Real Estate Law
Fannie Mae, in Lender Letter (LL-2020-12), has announced that an “Adverse Market Refinance Fee” will be imposed on certain loans purchased on or after September 1, 2020. The new fee comes as a loan-level price adjustment of 50 basis points (0.500%)...
by brandon | Apr 30, 2020 | Real Estate Law
Yesterday, we sent a law letter announcing Governor Abbott’s suspension of the in-person requirement for traditional notarizations. We have received a number of inquiries as to whether this order suspends the requirement that home improvement loans or home...
by brandon | Apr 29, 2020 | Real Estate Law
On April 27, 2020, Governor Abbott temporarily suspended the requirement that a notary be physically present for a notarization under Texas Civil Practices and Remedies Code §121.006(c)(1). Traditional in-person notarizations and online notarizations are still...
by brandon | Apr 1, 2020 | Real Estate Law
The Texas Joint Financial Regulatory Agencies published guidance this morning on home equity lending during the Coronavirus pandemic. A link to the publication can be found here. Here is a summary of the guidance: One year seasoning requirement – An existing...
