In the October 9, 2026, issue of the Texas Register (51 TexReg 6996) the Texas Office of the Attorney General (“OAG”) proposed new rules in proposed Chapter 67, in Title 1, Part 3 of the Texas Adminstrative Code (“TAC”) to implement and administer Subchapter H,...
Client & Friends Memo
Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
In the August 25, 2026, issue of the Federal Register (91 FR 54875 click here) the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Department...
CFPB Request for Information
In the July 9, 2026, issue of the Federal Register (91 FR 42382 click here) the Consumer Financial Protection Bureau (“CFPB”) issued a request for information from mortgage industry stakeholders related to potential regulatory changes. This request for information,...
Staub v. BBVA USA
On May 29, 2026, the Texas Supreme Court upheld an appellate decision, Staub v. BBVA USA, 726 S.W.3d 506 (Tex. App.—Dallas 2024). The Supreme Court’s decision, Staub v. BBVA USA, No. 24-1057, which can be found on the website of the Texas Judicial Branch, affirmed the...
Passage of SB 4 and SB 23 and Upcoming Constitutional Amendment Vote on SJR 2 and SJR 85
June 20, 2025 To: Clients and Friends From: Daniel S. Engle Subject: Passage of SB 4 and SB 23 and Upcoming Constitutional Amendment Vote on SJR 2 and SJR 85 On May 22, 2025, the Texas House and Senate submitted a proposed Texas...
Fannie Mae and Freddie Mac Update IPC Guidance
May 7, 2025 To: Clients and Friends From: Daniel S. Engle Subject: Fannie Mae and Freddie Mac Update Their Selling Guides Concerning Interested Party Contributions and Seller Concessions On May 7, 2025, Fannie Mae (SEL-2025-03...
Texas Department of Savings and Mortgage Lending Posts Webinar Concerning Proposed Changes to Procedural Rules
April 30, 2025 To: Clients and Friends From: Daniel S. Engle Subject: Texas Department of Savings and Mortgage Lending Posts Webinar Concerning Proposed Changes to Procedural Rules On April 21, 2025, the Texas Department of Savings...
Texas Department of Savings and Mortgage Lending Announces Review of Department Administration Rules in Title 7, Part 4, Chapter 51 of the Texas Administrative Code
March 21, 2025 To: Clients and Friends From: Daniel S. Engle Subject: Texas Department of Savings and Mortgage Lending Announces Review of Department Administration Rules in Title 7, Part 4, Chapter 51 of the Texas Administrative...
Fannie Mae and Freddie Mac Update Selling Guides to Permit Hybrid Appraisals on Texas Home Equity Loans
February 5, 2025 To: Clients and Friends From: Daniel S. Engle Subject: Fannie Mae and Freddie Mac Update Selling Guides to Permit Hybrid Appraisals on Texas Home Equity Loans On February 5, 2024, per Fannie Mae Selling Guide...
Texas Title Insurance Guaranty Association Issues Notice to Claimants of Houston National Title, LLC
January 30, 2025 To: Clients and Friends From: Daniel S. Engle Subject: Texas Title Insurance Guaranty Association Issues Notice to Claimants of Houston National Title, LLC The Texas Title Insurance Guaranty Association (“TTIGA”)...