Client Memos Archives - Polunsky Beitel Green

MortgageLaw Minute – Lenders Beware: The CFPB’s “Repeat Offender” Registry Is On The Horizon

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

Client Memos

MortgageLaw Minute: The NAR Settlement and Realtor Practice Changes

Last Halloween, a jury verdict in Kansas City, Missouri sent shockwaves through the residential real estate community. In the class action case, Burnett vs National Association of Realtors, et al, the plaintiffs—sellers of homes in Missouri and a few ... Read More

Client Memos

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

Client Memos

MortgageLaw Minute: Key Considerations for Lenders Offering Texas Home Equity Lines of Credit

Recently we have seen an increase in the number of lenders interested in offering home equity lines of credit (“HELOCs”) in Texas. Some lenders are seeking to expand their existing HELOC programs into Texas, while others are looking to create a ... Read More

Client Memos

MortgageLaw Minute: Biden Administration Announces Loan Forgiveness Program for Homes in Path of Total Solar Eclipse

Today, the Biden Administration announced an “out-of-this-world” initiative aimed at providing relief and support to homeowners residing in the path of the upcoming total solar eclipse that will transit parts of the United States on April 8th. The ... Read More

Client Memos

MortgageLaw Minute: Texas Department of Savings and Mortgage Lending Highlights “Team Name” Requirements

In its February 2024 Emerging Issues Meeting, the Texas Department of Savings and Mortgage Lending highlighted the statutory and regulatory requirements for the use of “team names” by mortgage companies, mortgage bankers, and individual mortgage loan ... Read More

Client Memos

Marty Green and Peter Idziak Speak with American City Business Journals on NAR Verdict, State of the Housing Market

Following a verdict in November that ordered groups of real estate companies and the National Association of Realtors to pay damages totaling $1.78 billion, Marty Green spoke with American City Business Journals on the possible impact of the ruling ... Read More

Client Memos

MortgageLaw Minute: The Necessity of Independent Lender Counsel in Texas

Lenders new to the Texas market are often surprised that Texas law requires the mortgage loan closing documents be prepared (or reviewed) by a Texas-licensed attorney. Sometimes lenders entering the Texas market will ask a title company for a ... Read More

Client Memos

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

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