by brandon | Jul 29, 2015 | Real Estate Law
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...
by brandon | Jul 1, 2015 | Real Estate Law
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 same-sex couples have the...
by brandon | Jun 23, 2015 | Real Estate Law
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 error that we just...
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....
