Loretta Salzano, Jenny Dozier and Alicia McCraw will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and…
Blog Archives
Fall 2021 Federal Highlights
Revised Dollar Amount and Thresholds Under Federal High-Cost and Qualified Mortgage Provisions The Consumer Financial Protection Bureau (“CFPB”) issued a final rule amending the high-cost mortgage thresholds and the qualified mortgage thresholds in Regulation Z. The amendments are effective January…
Posted in Federal Highlights, Newsletters
Fall 2021 States In Brief
Connecticut Connecticut passed Senate Bill 848 (Public Act 21-138), which updates certain provisions affecting mortgage lenders. The bill was effective October 1, 2021. Illinois Illinois adopted new rules for hearings before the Division of Banking and Division of Financial Intuition.…
Posted in Newsletters, States In Brief
Fall 2021 “Talking The Talk”
Loretta Salzano, Jenny Dozier and Alicia McCraw will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and…
Posted in "Talking The Talk"/Conferences, Newsletters
Summer 2021 Hot Topics
CFPB Finds Georgia Waiver of Borrower’s Rights to Violate UDAAP Provisions In its Summer 2021 Supervisory Highlights, the CFPB addressed the Georgia Waiver of Borrower’s Rights form, which addresses borrower rights in a non-judicial foreclosure. It is a customary practice…
Posted in Hot Topics, Newsletters
Summer 2021 Federal Highlights
CFPB Delays Mandatory Compliance Date of General QM Final Rule The CFPB proposed a rule delaying the mandatory compliance date of the General Qualified Mortgage (“QM”) Final Rule issued in December 2020. On April 28, 2021, the CFPB formally delayed…
Posted in Federal Highlights, Newsletters
Summer 2021 States In Brief
Connecticut Pursuant to the authority found in Section 205 of Senate Bill 1202, the Commissioner of Connecticut Department of Banking signed an Order that allows individuals engaged in licensable activity to conduct the activity from a remote office location. The…
Posted in Newsletters, States In Brief
Summer 2021 “Talking The Talk”
Loretta Salzano and Jenny Dozier will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and it provides…
Posted in "Talking The Talk"/Conferences, Newsletters
Spring 2021 Federal Highlights
New URLA Mandatory Beginning March 1 Fannie Mae and Freddie Mac (“the GSE’s”) have redesigned the Uniform Residential Loan Application (“URLA”) and, accordingly, created new file formats for submissions to Desktop Underwriter/Loan Product Adviser. The redesigned URLA is mandatory for…
Posted in Federal Highlights, Newsletters
Spring 2021 States In Brief
Arkansas The governor of Arkansas signed into law Senate Bill 149, amending the Arkansas’s Fair Mortgage Lending Act, which governs the licensing of mortgage bankers, brokers, servicers, and loan officers in Arkansas. The bill is effective on July 30, 2021.…