Since our inception, we’ve remained committed to delivering the highest quality of services to our clients, and we are honored and humbled to reach this milestone. We are excited to have the continued privilege to provide practical advice and solutions…
News & Resources
Spring 2022 Federal Highlights
Fannie Mae On February 2, 2022, Fannie Mae issued Selling Guide 2022-01, which updated Section B5-3.2-06 related to the Renovation Loan Agreement. The Renovation Loan Agreement (Form 3731) has been revised to reflect these changes. Form 3731 is revised to…
Posted in Federal Highlights, Newsletters
Spring 2022 States In Brief
California The Governor of California signed into law Assembly Bill 948, the Fair Appraisal Act (“Act”). While most provisions apply to appraisers licensed under the Real Estate Appraisers’ Licensing and Certification Law, the Act also amends the Civil Code to…
Posted in Newsletters, States In Brief
Spring 2022 “Talking The Talk”
Loretta Salzano 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 a fabulous opportunity…
Posted in "Talking The Talk"/Conferences, Newsletters
EXCITING CHANGE TO GEORGIA RESIDENTIAL MORTGAGE ACT FELONY PROHIBITION!
We are delighted to report important changes to the Georgia Residential Mortgage Act to more closely align with other states’ licensing laws. In essence, Georgia has modified its felony employment prohibition applicable to Georgia Residential Mortgage Act licensees so that…
Posted in Hot Topics
Winter 2021-2022 Federal Highlights
FHFA Announces GSE Conforming Loan Limits for 2022 The Federal Housing Finance Agency (“FHFA”) announced that the maximum conforming loan limit for first mortgages secured by one-unit properties acquired by Fannie Mae and Freddie Mac in 2022 will be $647,200,…
Posted in Federal Highlights, Newsletters
Winter 2021-2022 States In Brief
Colorado The Governor of Colorado signed House Bill 1282, which enacts the Nonbank Mortgage Servicer Act. The Act took effect January 1, 2022. Illinois The Governor of Illinois signed into law Senate Bill 595, which amends the legal procedures for…
Posted in Newsletters, States In Brief
Winter 2021-2022 “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
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