Insights Archive - Page 15 of 19 - Polunsky Beitel Green

87th Texas Legislature

The following bills have not been assigned a Committee Hearing date. If they are they will be brought forward the Bills on the Move report. Previous Reported Bills HB 84 Hinojosa, Gina(D) Relating to the authority of municipalities to enact a ... Read More

Legislative Updates

87th Texas Legislature 87.1

In a typical Texas Legislative Session over 6,000 proposed bills are filed before the deadline. This session’s filing deadline is March 12th. Early filing this session has been heavier than in years past with 1,355 prefilled bills as of January ... Read More

Mortgage Bytes

Texas Home Equity Lending and Prohibited Additional Collateral Part Two – Jan 2022

aTexas Home Equity Lending and Prohibited Additional Collateral Part Two - Jan 2022Texas Home Equity Lending and Prohibited Additional Collateral Part Two - Jan 2022 ... Read More

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Client Memos

Client Memo – Good News for a New Year: Update on Proposed Rule Changes – Texas Department of Savings & Mortgage Lending

The required rule review of Chapters 80 and 81 by the Texas Department of Savings & Mortgage Lending concluded Friday December 11th with final adoption by the Finance Commission of Texas. These changes will be published in the Texas Register on ... Read More

Client Memos

Client Memo – Texas Mortgage License Renewals

Effective September 1, 2020 Texas Department of Savings and Mortgage Lending Director of Mortgage Examination, Tony Florence, also assumed the duties as Director of Licensing. Director Florence has already made several positive changes including ... Read More

Client Memos

Client Memo – Refresher on the Requirements for a Texas 50(f)(2) Rate/Term Refinance of an Existing Home Equity Loan

Refinances now make up over 60% of the loan applications according to the latest MBA Weekly Survey. As refinances fill lenders’ pipelines, we thought it would be timely to revisit the particular requirements and aspects of the Texas 50(f)(2) loan, as ... Read More

Client Memos

Client Memo – Update Fannie Mae and Freddie Mac Delays Implementation of New Adverse Market Refinance Fee

Last week we informed you of a new directive from Fannie Mae and Freddie Mac (collectively the “GSEs”) to charge an adverse market fee on refinance loans delivered to the GSEs on or after September 1, 2020. In response to the controversial ... Read More

Client Memos

Client Memo – Fannie Mae and Freddie Mac Announce New Adverse Market Refinance Fee

On Wednesday, August 12, the Federal Housing Finance Agency (“FHFA”) announced that Fannie Mae and Freddie Mac (collectively the “GSEs”) will impose a 50-basis-point adverse market fee on refinance loans purchased by the GSEs. Effective for loans ... Read More

Client Memos

Refinance Transactions – Fannie Mae v. Texas Law

In Texas, the term “cash out” is commonly used to describe a home equity loan originated under Section 50(a)(6), Article XVI of the Texas Constitution. However, the term “cash out” is also used to define a refinance transaction under the Fannie Mae ... Read More

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