by brandon | Feb 15, 2013 | Real Estate Law
On January 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued its final “Ability to Repay and Qualified Mortgage Rule”, which rule amends Regulation Z/Truth-in-Lending and will take effect on January 10, 2014. The entire rule may be reviewed at the CFPB...
by brandon | Jul 14, 2011 | Real Estate Law
RECENT TEXAS LEGISLATION I. H.B. 558 – Payoff Statements for Home Loans a. Texas House Bill 558, effective September 1, 2011, adds Section 343.106 to the Texas Finance Code and directs the Texas Finance Commission to create a standard payoff statement form that...
by brandon | Jan 7, 2011 | Real Estate Law
The federal agencies (NCUA, Comptroller of the Currency, Federal Reserve System, FDIC, Office of Thrift Supervision and Farm Credit Administration) have announced that the NMLS registration system for residential mortgage loan originators (MLOs) will be...
by brandon | Dec 30, 2010 | Real Estate Law
HAPPY 2011!! This promises to be another great year for residential lenders throughout Texas and we look forward to working with you day-to-day to make this year as productive and successful as it can be! One of the realities facing us in 2011 is a continuing array...
by brandon | Nov 18, 2010 | Real Estate Law
The topic of “Yield Spread Premium” has become quite controversial over the past several years and the Federal Reserve (acting to implement the Truth-in-Lending Act and Home Ownership and Equity Protection Act) announced on August 16, 2010 its final rules regarding...
