News & Resources

Winter 2021-2022 Federal Highlights

FHFA Announces GSE Conforming Loan Limits for 2022 The Federal Housing Finance Agency (“FHFA”) announced that the maximum conforming loan limit for first mortgages secured by one-unit properties acquired by Fannie Mae and Freddie Mac in 2022 will be $647,200,

Posted in Federal Highlights, Newsletters

Winter 2021-2022 States In Brief

Colorado The Governor of Colorado signed House Bill 1282, which enacts the Nonbank Mortgage Servicer Act. The Act took effect January 1, 2022. Illinois The Governor of Illinois signed into law Senate Bill 595, which amends the legal procedures for

Posted in Newsletters, States In Brief

Winter 2021-2022 “Talking The Talk”

Loretta Salzano, Jenny Dozier and Alicia McCraw 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

Posted in "Talking The Talk"/Conferences, Newsletters

Fall 2021 Federal Highlights

Revised Dollar Amount and Thresholds Under Federal High-Cost and Qualified Mortgage Provisions The Consumer Financial Protection Bureau (“CFPB”) issued a final rule amending the high-cost mortgage thresholds and the qualified mortgage thresholds in Regulation Z. The amendments are effective January

Posted in Federal Highlights, Newsletters

Fall 2021 States In Brief

Connecticut Connecticut passed Senate Bill 848 (Public Act 21-138), which updates certain provisions affecting mortgage lenders. The bill was effective October 1, 2021. Illinois Illinois adopted new rules for hearings before the Division of Banking and Division of Financial Intuition.

Posted in Newsletters, States In Brief

Fall 2021 “Talking The Talk”

Loretta Salzano, Jenny Dozier and Alicia McCraw 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

Posted in "Talking The Talk"/Conferences, Newsletters

Summer 2021 Hot Topics

CFPB Finds Georgia Waiver of Borrower’s Rights to Violate UDAAP Provisions In its Summer 2021 Supervisory Highlights, the CFPB addressed the Georgia Waiver of Borrower’s Rights form, which addresses borrower rights in a non-judicial foreclosure. It is a customary practice

Posted in Hot Topics, Newsletters

Summer 2021 Federal Highlights

CFPB Delays Mandatory Compliance Date of General QM Final Rule The CFPB proposed a rule delaying the mandatory compliance date of the General Qualified Mortgage (“QM”) Final Rule issued in December 2020. On April 28, 2021, the CFPB formally delayed

Posted in Federal Highlights, Newsletters

Summer 2021 States In Brief

Connecticut Pursuant to the authority found in Section 205 of Senate Bill 1202, the Commissioner of Connecticut Department of Banking signed an Order that allows individuals engaged in licensable activity to conduct the activity from a remote office location. The

Posted in Newsletters, States In Brief

Summer 2021 “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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