News & Resources

Winter 2019-2020 “Talking The Talk”

Loretta Salzano and Jenny Dozier 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

Posted in "Talking The Talk"/Conferences, Newsletters

Winter 2019-2020 Hot Topics

CFPB Issues Policy Statements on “Abusive Acts or Practices” Standard and on Treatment of “Compliance Aids” The CFPB issued a policy statement indicating it intends to follow three principles when applying the “abusiveness” standard in supervision and enforcement matters, to

Posted in Hot Topics, Newsletters

Winter 2019-2020 Federal Highlights

FHFA Announces GSE Conforming Loan Limits for 2020 The Federal Housing Finance Agency announced that the maximum confirming loan limit for one-unit properties acquired by Fannie Mae and Freddie Mac in 2020 will be $510,400.00, with the exception of several

Posted in Federal Highlights, Newsletters

Winter 2019-2020 States In Brief

Alaska Alaska adopted amendments to its mortgage loan originator regulations, which, among other things, clarify that prelicensing education courses expire. The regulation was adopted on January 7, 2020 and was effective February 6, 2020. Colorado Colorado adopted Regulation Text 15592,

Posted in Newsletters, States In Brief

New Georgia Rules Regarding Temporary Authority To Operate Effective January 9, 2020 (except for Disclosure Requirement)

On December 20th, the Georgia Department of Banking and Finance finalized its proposed rules on temporary authority for loan originators to operate without a license. Loretta Salzano was the sole non-DBF attendee at the hearing and was pleased to work

Posted in Hot Topics

IRS Posts Guidance on the Taxpayer First Act

On December 19, 2019, the Internal Revenue Service (“IRS”) posted guidance on the Taxpayer First Act, clarifying that Section 2202 applies only to disclosures made by the IRS after December 28, 2019. The Taxpayer First Act requires a lender obtain

Posted in Hot Topics

Fall 2019 Announcements

We are pleased to announce that Randy Winningham is working with our firm as an Analyst performing regulatory compliance and internal audits. Randy focuses on reviewing clients’ loans, policies and procedures for compliance with ECOA, HMDA, TILA, RESPA, HMDA, FCRA

Posted in Announcements, Newsletters

Fall 2019 Federal Highlights

Fannie Mae and Freddie Mac Publish Updates to URLA Fannie Mae and Freddie Mac (GSEs) published the static components of the updated Uniform Residential Loan Application (URLA), which reflect revisions directed by the Federal Housing Finance Agency announced in August

Posted in Federal Highlights, Newsletters

Fall 2019 States In Brief

California The Governor of California signed into law Assembly Bill 539, the Fair Access to Credit Act, concerning California’s Financing Law. The Bill authorizes a finance lender with respect to a loan of a bona fide principal amount of $2,500

Posted in Newsletters, States In Brief

Fall 2019 “Talking The Talk”

Loretta Salzano and Jenny Dozier 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

Posted in "Talking The Talk"/Conferences, Newsletters

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