A&B Abstract: Today, the Biden Administration announced an extension of the foreclosure moratorium for federally-backed mortgage loans (the “Presidential Announcement”). To implement the Presidential Announcement, the federal agencies (i.e., … [Continue reading] about Biden-Harris Administration Announces Extension of COVID-19 Foreclosure Moratorium
On June 17, 2021, President Biden signed legislation making Juneteenth National Independence Day a federal national holiday. The first observance of the holiday is Friday, June 18, 2021. While the enactment of this new federal holiday is a notable … [Continue reading] about Juneteenth Holiday Raises Tricky TRID Disclosure Issues
A&B ABstract: In a webinar earlier this month, the Washington Department of Financial Institutions provided updates on licensing, rulemaking, and recent examination findings. On June 2, the Washington Department of Financial Institutions … [Continue reading] about Highlights of Washington Department of Financial Institutions’ Recent Mortgage Industry Webinar
Whether they realize it or not, absent a last-minute intervention from the Federal Housing Finance Agency (FHFA), effective July 1, 2021, creditors will no longer be able to originate qualified mortgage loans using the “QM Patch.” The reason for this … [Continue reading] about The QM Patch Is Down for the Count
A&B Abstract: The U.S. Court of Appeals for the Eleventh Circuit, covering Alabama, Florida, and Georgia, recently decided in Hunstein v. Preferred Collection and Management, Inc., that a debt collector’s communication with its third-party … [Continue reading] about The Hunstein Case: Upending Servicing and Debt Collection?