On August 27, 2020, the Federal Housing Administration (FHA) issued Mortgagee Letter 2020-27 (ML 2020-27). ML 2020-27 extends...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Fannie Mae and Freddie Mac Announce Adverse Market Refinance Fee
On August 12, 2020, Fannie Mae, in Lender Letter 2020-12 (click here-12 ), and Freddie Mac, in Bulletin 2020-32 (click here-32),...
Regulation Z HOEPA and Qualified Mortgage Annual Threshold Adjustments
In the August 19, 2020, issue of the Federal Register (85 FR 50944), the Consumer Financial Protection Bureau established the...
FHA Mortgage Letter 2020-26 – EAD Module
On August 18, 2020, the Federal Housing Administration (FHA) issued Mortgagee Letter 2020-26 (ML 2020-26) announcing the...
Loss Mitigation Opinions under Regulation X Amended by CFPB Interim Final Rule Adding Certain COVID-19-related Loss Mitigation Options
In the June 30, 2020 issue of the Federal Register (85 FR 39055), the Bureau of Consumer Financial Protection (CFPB) issued an...
CFPB Proposed Rule to Amend Higher Priced Mortgage Escrow Exemption
In the July 22, 2020 issue of the Federal Register (85 FR 44228, click here) the Bureau of Consumer Financial Protection...
CFPB Proposed Rule to Amend General Qualified Mortgage Loan Definition
In the July 10, 2020 issue of the Federal Register (85 FR 41716, click here) the Bureau of Consumer Financial Protection...
CFPB Proposed Rule to Extend GSE Qualified Mortgage Sunset Date
In the July 10, 2020 issue of the Federal Register (85 FR 41448, click here) the Bureau of Consumer Financial Protection...
CFPB Issues Procedural Rule Establishing a Pilot Advisory Opinion Program
In the June 22, 2020 issue of the Federal Register (85 FR 37331, click here), the Bureau of Consumer Financial Protection...
CFPB Issues Proposed Procedural Rule for Advisory Opinion Program
In the June 22, 2020 issue of the Federal Register (85 FR 37394, click here), the Bureau of Consumer Financial Protection...