Loretta Salzano will be speaking on a variety of hot topics at conferences throughout the country. To find out more, please click on the EVENTS tab at the top of the page.
Blog Archives
Spring 2023 Hot Topics
CFPB Weighs in on Mortgage Shopping Platforms (with broader implications) In February, the CFPB issued an Advisory Opinion regarding application of RESPA to “Digital Mortgage Comparison Shopping Platforms and Related Payments to Operators.” In refreshing HUD’s 1996 policy statement on…
Posted in Hot Topics, Newsletters
Spring 2023 Federal Highlights
CFPB Updates HELOC Brochure On December 16, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced an updated version of “What You Should Know about Home Equity Lines of Credit,” required under Regulation Z, for immediate use. The publication, also known…
Posted in Federal Highlights, Newsletters
Spring 2023 States In Brief
California California Senate Bill 633 amended the Civil Code related to providing notice to cosigners of consumer credit contracts. Specifically, a creditor must provide the notice in English as well as Spanish, Chinese, Tagalog, Vietnamese, and Korean. Pursuant to the…
Posted in Newsletters, States In Brief
Spring 2023 “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
Winter 2022 Hot Topics
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…
Posted in Hot Topics, Newsletters
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
Fall 2022 States In Brief
Arizona Arizona passed Senate Bill 1394, which removes the requirement to hold a separate license for additional assumed names or trade names. The Bill is effective September 24, 2022. Arizona passed Senate Bill 1204, which amends provisions related to the…
Posted in Newsletters, States In Brief