Changes to FHA Dual Employment Restrictions On December 15, 2022, HUD released Mortgagee Letter 2022-22 which revises FHA policy regarding conflicts of interest and dual employment. Under the revised policy, participants that have a direct impact on the mortgage approval…
Monthly Archives: December 2022
Winter 2022 Federal Highlights
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold Adjustment The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency announced the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase…
Posted in Federal Highlights, Newsletters
Winter 2022 States In Brief
California California passed Senate Bill 633, which amends the California Civil Code related to providing notice to cosigners of consumer credit contracts. The Bill is effective January 1, 2023. The California Governor signed into law Assembly Bill 2001, which permits…
Posted in Newsletters, States In Brief
Winter 2022 “Talking The Talk”
Loretta Salzano will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and it provides a fabulous opportunity…
Posted in "Talking The Talk"/Conferences, Newsletters