Insights Archive - Page 5 of 15 - Polunsky Beitel Green

88th Texas Legislature

Issue 88.1 As the 88th Texas Legislative Session kicked off today, it is remarkable to think what a difference two years can make. When the 2020 session started there was a new Speaker of the House to elect and procedural rules to develop ... Read More

Client Memos

FHFA Announces 2023 Conforming Loan Limit Values; Limits in Certain High-Cost Areas to Exceed $1 Million for the First Time

On November 29th, the Federal Housing Finance Agency (“FHFA”) announced that for 2023, baseline conforming loan limits for mortgages eligible for purchase by Fannie Mae and Freddie Mac will rise from $647,200 to $726,200, an increase of over twelve ... Read More

Client Memos

CFPB Files Appeal of Fifth Circuit Decision Holding Bureau’s Funding Scheme Unconstitutional

On November 14, 2022 the CFPB filed a petition for a writ of certiorari with the United States Supreme Court, seeking to overturn the Fifth’s Circuit opinion in Community Financial Services Association of America (CFSA) v. CFPB, which vacated the ... Read More

Client Memos

Priority of Homeowner Association Assessment Liens and Subordination to the Mortgage Lien

We often receive questions concerning whether an assessment lien imposed by the subject property’s homeowner’s association (“HOA”) is superior to the lender’s mortgage. Many HOAs in Texas either expressly subordinate their assessment liens to ... Read More

Client Memos

CFPB Receives Pushback on Interpretive Rule Promoting States’ Authority to Enforce The Consumer Financial Protection Act of 2010

Last month, we discussed Consumer Financial Protection Bureau’s (CFPB) May 19, 2022 Interpretive Rule, which sought to clarify the scope of state enforcement authority found in Section 1042 and other sections of the Consumer Financial Protection Act ... Read More

Client Memos

CFPB Clarifies Authority of States to Enforce The Consumer Financial Protection Act of 2010

On May 19th, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule clarifying the scope of state enforcement authority found in Section 1042 and other sections of the Consumer Financial Protection Act (CFPA). The rule ... Read More

Client Memos

Revised: All things New at Texas Savings and Mortgage Lending

New – Commissioner The Search Committee of the Texas Finance Commission has narrowed its search for a new commissioner for the Department of Savings and Mortgage Lending to final candidates and recommended interviews with the entire Finance ... Read More

Client Memos

Legislative Changes to Homestead Property Tax Exemption Effective January 1, 2022

Under Texas law, prior to January 1, 2022, persons buying residence property had to wait until the year following acquisition to file for a homestead ad valorem property tax exemption. As of January 1, 2022, the property tax exemption can now be ... Read More

Client Memos

Texas Home Equity Lending and Prohibited Additional Collateral Part Two: VA Guaranties and FHA Mortgage Insurance

Section 50(a)(6)(H) of Article XVI of the Texas Constitution prohibits a home equity loan from being secured by any additional real or personal property other than the borrower’s homestead. Such property is commonly referred to as “prohibited ... Read More

Footer

Explore

Office Locations