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…
News & Resources
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
Please Join Us At The Legal Issues and Regulatory Compliance Conference on December 12 and 13!
Please join us at California MBA’s #LIRC22 in Newport Beach on December 12 and 13! The Legal Issues and Regulatory Compliance Conference focuses on the trends and hot issues in litigation and regulatory compliance for the residential lending community. Panels…
Posted in "Talking The Talk"/Conferences
Happy 17th Anniversary, Jenny Dozier!
We are excited to celebrate Jenny Dozier’s 17th anniversary with F&S! Time flies when we are having fun, and Jenny is just getting started! Jenny joined the firm fresh out of law school and jumped right in to build her…
Posted in Announcements