Insights Archive - Page 11 of 13 - Polunsky Beitel Green

Client Memo – Regarding Finance Commission Agency Guidance on Coronavirus and Response Thereto As It Relates To Mortgage Lending

We wanted to alert you to the attached informal guidance that has been issued by the Texas Finance Commission agencies, including the Texas Department of Banking, the Texas Department of Savings and Mortgage Lending, the Texas Office of Consumer ... Read More

Client Memos

Client Memo – Coronavirus and Our Service Level Commitment

As COVID-19 cases continue to increase and the public response and precautions become more pronounced, we wanted to take a moment to reassure you regarding the services our firm provides for you and our other clients. For many years, we have had ... Read More

Client Memos

Client Memo – I’M SUPPOSED TO DO WHAT FOR AN ASSUMPTION?

An assumption occurs when a creditor expressly agrees in writing with a subsequent consumer to accept that consumer as a primary obligor on an existing residential mortgage transaction. Before the assumption occurs, the creditor shall make new ... Read More

Client Memos

Client Memo – Texas Title Insurance Guaranty Fee

As you may be aware, prior to January 1, 2019, there was a special Texas title fee called a Guaranty Fee that was collected on Texas title policies. This fee was collected on each Texas title policy and was placed into a fund that would then be ... Read More

Investment Cash-Out Loan Versus Home Equity Loan

Below is a Texas refinance loan scenario on a residential property that creates a stalemate for the Lender, Title Company and Borrower. Facts: Ted Mosby (“Borrower”) has owned and lived in his Texas home for 10 years. Borrower has received ... Read More

Client Memos

Client Memo – New Requirements for VA Guaranteed or Insured Cash-Out Refinance Loans

This memo pertains to VA issued Circular 25-18-30 on December 17th summarizing the new rules for cash-out refinance loans (see link below). These requirements include new disclosures: “VA Type I Cash-Out Refinance, Fee Recoupment Certification” and ... Read More

The Merits of Filing a Renewal and Extension Rider on a Refinance Transaction for Investment Property

SAN ANTONIO – Jay Beitel of Polunsky Beitel Green, LLP, discusses the merits of filing a renewal and extension rider on a refinance transaction for investment property and illustrates with a refinance scenario. Let us look at a refinance loan ... Read More

Client Memos

Client Memo-Suspension of the Guaranty Assessment Recoupment Charge

This memo addresses the suspension of the Guaranty Assessment Recoupment Charge or GARC. This is a special fee that Texas title companies have been collecting for each title policy for Texas properties. Note that if loan documents are signed during ... Read More

Client Memos

Client Memo-National Day Of Mourning and its Impact on Rescission and TRID Calendar

This memo discusses the recently-declared National Day of Mourning in honor of the passing of George HW Bush, the 41st President of the United States, impacts how dates are calculated for rescission under the Truth in Lending Act and other dates for ... Read More

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