Insights Archive - Page 10 of 19 - Polunsky Beitel Green

Client Memo – Texas Home Equity Lending and Prohibited Additional Collateral Part One: Non-Owner Borrowers

Over the past few months, we have received a number of questions regarding whether an individual who is a non-owner may be a co-borrower or co-signer on a 50(a)(6) Texas home equity loan. The most common scenario proposed to us is one where a family ... Read More

Legislative Updates

87th Texas Legislature 2nd Special Session

Issue 22 - August 20th Yesterday for the first time in nearly six weeks the Texas House declared a quorum for the Second Called Special Session. With one resignation bringing the total membership down to 149, and with eight Democrats counted ... Read More

Client Memos

CFPB Guidance Regarding Juneteenth to Count as Federal Holiday for TRID & Rescission Purposes

On June 18, 2021, we issued a Memorandum on the fact that President Joe Biden signed into law the Juneteenth National Independence Day Act. In that update, we indicated that the Consumer Financial Protection Bureau (the “CFPB”) had not yet issued any ... Read More

Mortgage Bytes

July 2021 – MortgageLaw Minute Live

The Current State of General Qualified Mortgages and Ability to Repay Requirements under Regulation Z ... Read More

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Client Memos

The Current State of General Qualified Mortgages and Ability to Repay Requirements Under Regulation Z

Peter B. Idziak Recently, we have received some inquiries seeking clarification concerning the current definition and underwriting requirements relating to “general” qualified mortgages and the ability to repay requirements in effect under ... Read More

Legislative Updates

87th Texas Legislature 87.21 1st Special Session

Issue 21 – July 19th Governor Abbott called a Special Session to begin on July 8th and set the below listed bullet items as the agenda. The rules for a Special Session establish the timeframe as 30 days and restricts the debate of the legislature ... Read More

Client Memos

Client Memo – Supreme Court Holds that FHFA Director is Removable at Will

On Wednesday, June 23, 2021, the Supreme Court held that the structure of the Federal Housing Finance Agency (“FHFA”)—led by a single director who may only be removed for cause—violates Constitutional separation of powers. Justice Samuel Alito, ... Read More

Legislative Updates

87th Texas Legislature 87.20

Issue 20 – June 21st In this our final update for the session, we provide you a more focused summary of what might enter your daily lives as a mortgage originator in Texas. The first three bills more directly impact the Department of Savings and ... Read More

Client Memos

Client Memo – New Federal Holiday June 19th Update

Client Memo - New Federal Holiday June 19th Update On Thursday, June 17, 2021, President Joe Biden signed into law the Juneteenth National Independence Day Act. The Act amends 5 U.S.C. Section 6103(a) to include “Juneteenth National Independence ... Read More

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