by brandon | Mar 20, 2015 | Real Estate Law
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 Texas v. Norwood (2013) QUESTION: How does...
by brandon | Dec 18, 2014 | Real Estate Law
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...
by brandon | Nov 25, 2013 | Real Estate Law
This issue of Law Letter focuses on two CFPB rules that will become effective for consumer residential mortgage applications received beginning January 10, 2014. I. CFPB Requirement to provide Consumer Mortgage Applicants with Homeownership Counseling List II....
by brandon | Oct 29, 2013 | Real Estate Law
October 31, 2013 I. NMLSR ID Number on Application, Note and Deed of Trust/Mortgage Beginning with residential mortgage loan applications received on January 10, 2014, the lender’s name and the lender’s unique ID under the Nationwide Mortgage Licensing System &...
by brandon | Jun 28, 2013 | Real Estate Law
On June 21, 2013, the Texas Supreme Court issued its opinion in the case involving certain parts of the Texas Home Equity Law (Finance Commission of Texas et al v. Norwood, et al, No. 10-0121). The opinion was further clarified in a supplemental opionion issued on...
