Mortgage lending

Press Release: Settlements over SAFE Act Education Requirements

The following press release, issued by the Conference of State Bank Supervisors (CSBS), was recently posted to their website. The press release announces forty-four state regulators reaching settlements with hundreds of mortgage loan originators over SAFE Act education requirements. Through the settlements, over 70 Texas-licensed residential mortgage loan originators agreed to surrender their licenses for a …

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Governor Abbott Appoints New Finance Commission Chair and Members

On April 6, Governor Abbott appointed Phillip Holt to Chairman of the Finance Commission of Texas. He has served on the Finance Commission since 2016.  Mr. Holt is Vice-President of Conn’s Home Plus. On the same day, Governor Abbott appointed Larry Long to be a public member of the Finance Commission of Texas. Mr. Long is owner …

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Regulators issue warning on growth of nonbank mortgage sector

From American Banker: WASHINGTON — The Financial Stability Oversight Council has identified the growth of nonbank mortgage origination and servicing as a new risk to the U.S. financial system, according to the interagency council’s annual report issued Wednesday. The report, which Treasury officials said in theory could be a blueprint for future regulation, pinpoints 12 …

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RMLO Class Scheduled for September

We are happy to share with you the details for this year’s RMLO CE class here.  Please take special note of the deadlines.  Payment is due by September 9, 2019 in order to accommodate the providers expectation for registration and payment. Registration form may be accessed here. Please help us by making sure you mail your payment to the …

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2019 Texas Home & Mortgage Symposium a Success!

The 2019 Texas Home & Mortgage Symposium hosted a terrific two days of great information spanning a multitude of issues.  With more than 125 attendees from across the state, we were privy to information and presentations from state thought-leaders and policy-makers, industry experts, and capitol insiders. Click here for our program in full, and visit Texas …

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On Hurricane Harvey Relief

How will Texas help Harvey-ravaged communities? By Kiah Collier February 13, 2019   In September 2017, weeks after the remnants of Hurricane Harvey ravaged his city, Houston Mayor Sylvester Turner sparked what became a high-profile spat with Republican Gov. Greg Abbott. Facing mounting clean-up costs, Turner — a Democrat and former longtime state lawmaker — …

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Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

WASHINGTON — Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction). The new QBI deduction, created by the 2017 Tax Cuts and Jobs Act (TCJA) allows many owners of sole proprietorships, partnerships, S corporations, trusts, …

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