HUD has issued a proposed rule defining an FHA qualified mortgage. Under the proposed rule, most FHA products will be a qualified mortgage if FHA insurable and points and fees on the loan exceed 3%. The CFPB continues to tweak…
Blog Archives
Fall 2013 States In Brief
Arkansas Senate Bill 1137 The Governor of Arkansas signed into law SB 1137, which relates to documents concerning real property and allowing scrivener’s affidavits to correct errors in instruments affecting real property. This legislation was effective August 16, 2013. California…
Posted in Newsletters, States In Brief
Fall 2013 “Talking The Talk”
Terry Franzén spoke at ACI’s 12th National Forum on Residential Mortgage Litigation and Regulatory Enforcement in Dallas in September. Terry will be the featured speaker for the 2013 quarterly Automotive Training Solutions Webinar on December 2nd. In January, Terry will…
Posted in "Talking The Talk"/Conferences, Newsletters
Summer 2013 Announcements
The firm’s employees and their families gathered together for a time of fun and relaxation at the annual retreat held this year at the Ritz Carlton Hotel at Reynolds Plantation in Georgia. Activities included golf, swimming, jet skiing, spa treatments…
Posted in Announcements, Newsletters
Summer 2013 Federal Highlights
CFPB Final Rule – Inclusion of Loan Originator Compensation in Points and Fees and Qualified Mortgage Exceptions for Small Creditors The Consumer Financial Protection Board issued final rules clarifying certain provisions relative to federal high-cost loans and the ability to…
Posted in Federal Highlights, Newsletters
Summer 2013 States In Brief
Alabama House Bill 529 The Governor of Alabama signed into law HB 529 which clarifies the Alabama Banking Department’s authority to examine subsidiaries and affiliates of state banks and bank holding companies. California Reorganization The California Department of Corporations (“DOC”)…
Posted in Newsletters, States In Brief
Summer 2013 “Talking The Talk”
Terry Franzén will discuss Reverse Mortgage Fraud Prevention and Risk Management at ACI’s 8th Mortgage Fraud Summit in San Francisco in July. Also in July, Terry will discuss managing and defending against claims arising from loan servicing including foreclosures, implementing…
Posted in "Talking The Talk"/Conferences, Newsletters
Spring 2013 Announcements
Happy Birthday, Loretta! The firm gathered together to throw a surprise birthday breakfast for Loretta Salzano. She truly is fabulous at 50!
Posted in Announcements, Newsletters
Spring 2013 Hot Topics
Rod Carnes, Deputy Commissioner for Non-Depository Institutions for the GA Department of Banking and Finance, addressed the attendees at the GA Real Estate Fraud Prevention and Awareness Coalition’s (GREFPAC) Annual Conference on March 6. Mr. Carnes reported that the Department…
Posted in Hot Topics, Newsletters
Spring 2013 Federal Highlights
HUD Issues Final Disparate Impact Rule The Department of Housing and Urban Development has issued the final disparate impact rule (“Disparate Impact Rule”) under the Fair Housing Act, authorizing so-called “disparate impact” or “effects test” claims under the Fair Housing…
Posted in Federal Highlights, Newsletters