Home Equity Lending Archives - Polunsky Beitel Green

Can You Close a Loan with Title Vested in a Life Estate? Fannie Mae Says Yes.

Fannie Mae recently updated its Selling Guide FAQ to address whether a mortgage secured by property titled in a life estate is eligible for delivery. The question asked was, “If the property is held in a life estate, what is required for the loan to ... Read More

Client Memos

Amendments to Texas Home Equity Interpretations Under 7 TAC 153

COMMISSIONS AMEND TEXAS ADMINISTRATIVE CODE TO MAKE CLEAR LENDERS MAY USE ELECTRONIC DISCLOSURES, DOCUMENTS, AND SIGNATURES FOR HOME EQUITY LOANS AND THAT OUT-OF-STATE BANKS MAY ORIGINATE HOME EQUITY LOANS On December 17, 2021, the Finance ... Read More

Mortgage Bytes

Texas Home Equity Lending and Prohibited Additional Collateral Part One: Non-Owner Borrowers

Tye McWhorter and Mimi Paxson with Mortgage Law Minute Live talk about Texas Home Equity Lending and Prohibited Additional Collateral Part One: Non-Owner Borrowers ... Read More

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Client Memos

Client Memo – Texas Home Equity Lending and Prohibited Additional Collateral Part One: Non-Owner Borrowers

Over the past few months, we have received a number of questions regarding whether an individual who is a non-owner may be a co-borrower or co-signer on a 50(a)(6) Texas home equity loan. The most common scenario proposed to us is one where a family ... Read More

Mortgage Bytes

MortgageLaw Minute Live: TX Regulators Adopt Amendments to Home Equity Lending Provisions

Peter Idziak, Associate Attorney with Polunksy Beitel Green discusses that Texas Regulators Adopted Amendments to Home Equity Lending Provisions. ... Read More

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Client Memos

Client Memo – Texas Regulators Adopt Amendments to Home Equity Lending Provisions

Recently, the Finance Commission of Texas and the Texas Credit Union Commission (the “Commissions”)adopted several amendments to the home equity lending interpretations in the Texas AdministrativeCode. The amendments substantively addressed the ... Read More

Mortgage Bytes

Texas Home Equity Lending and Prohibited Additional Collateral Part Two – Jan 2022

aTexas Home Equity Lending and Prohibited Additional Collateral Part Two - Jan 2022Texas Home Equity Lending and Prohibited Additional Collateral Part Two - Jan 2022 ... Read More

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Client Memos

Client Memo – Refresher on the Requirements for a Texas 50(f)(2) Rate/Term Refinance of an Existing Home Equity Loan

Refinances now make up over 60% of the loan applications according to the latest MBA Weekly Survey. As refinances fill lenders’ pipelines, we thought it would be timely to revisit the particular requirements and aspects of the Texas 50(f)(2) loan, as ... Read More

Client Memos

Client Memo – Equitable Subrogation A Home Equity Lender’s Salvation

Equitable subrogation is an important legal principal under Texas law that allows a lender whose loan proceeds are used to pay off an existing lien to claim the lien priority of the lien being paid off by the new lender. In 2007, the Texas Supreme ... Read More

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