September 16, 2024, is the effective date for the final rule creating the CFPB Nonbank Registry for covered nonbank financial institutions, also known as the “Repeat Offender” Registry. The rule requires nonbanks that offer consumer financial ... Read More
MortgageLaw Minute: Texas Department of Savings and Mortgage Lending Issues Proposed Rule Changes
All Texas state agencies are required to review their rules for relevancy every four years. The mortgage regulations for the Texas Department of Savings and Mortgage Lending (“SML”) are now in that cycle, and SML has created a 141-page pre-comment ... Read More
Doug Foster and Peter Idziak Discuss the Texas Real Estate Research Center’s Important Place in the State’s Real Estate Markets
The Texas Real Estate Research Center is the nation’s largest publicly funded organization devoted to real estate research. Our Director of Regulatory Affairs, Doug Foster, has been involved with TRERC since 2021, when he was appointed to the ... Read More
MortgageLaw Minute: Recent Texas Real Estate Research Survey of Industry Sentiment Highlight Increasing Regulatory Burden
Doug was recently elected Advisory Committee Chairman for the Texas Real Estate Research Center at Texas A&M University. He writes this month to highlight The Center’s monthly survey on real estate industry sentiment and potential causes of the ... Read More
MortgageLaw Minute: Texas Property Tax Reductions – Benefits and Other Considerations
As you may have heard, the citizens of Texas will vote on a Constitutional Amendment regarding property taxes on November 7, 2023. Proposition 4 if passed will raise the state mandated school tax homestead exemption to $100,000 from $40,000. There ... Read More
88th Texas Legislature
Issue 88.20 Bill Effective Dates Doug Foster Director of Regulatory Affairs doug.foster@mortgagelaw.com With nearly a dozen of our bills of interest set to become law, the next question is what will be their effective ... Read More