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Presentation
Of Counsel Paul Kellogg and Associate Louis Rossitto (Houston) are presenting “Home Equity Update” at the Southwest Association of Bank Counsel’s 2023 Annual Legal Conference on September 27, 2023, in Denver, Colorado. Paul and Louis will review home equity updates Bank Counsels need to know and how these updates impact consumers and shape policies.
October 3, 2024
As interest rates decline in 2024, lenders who make home loans to Texas residents are seeing an uptick in loan modification requests. Although a “mod” for a conventional loan is straightforward, there are – as always – unique challenges when it comes to home equity loans. This article will explore some key issues Texas lenders may consider when navigating these modifications.
June 14, 2023
It has been a busy time for the Texas Legislature, and multiple bills passed that may affect Texas Home Equity Lenders.
May 1, 2023
The FDIC has released its Consumer Compliance Supervisory Highlights for 2022, covering the 3,000+ state-chartered banks and thrifts the FDIC supervises, most of which are community banks that provide credit and services locally. The FDIC evaluates these “supervised institutions” for compliance with consumer protection, anti-discrimination, and community reinvestment laws, with a focus on laws and regulations that represent the greatest potential for consumer harm.
January 20, 2023
A pair of bills has been filed with the Texas Legislature that would amend the Texas Constitution (which is where the home equity lending statute is located) to allow home equity loan borrowers to close a home equity loan at a remote location using online notarization.
December 2021
Paul Kellogg (Houston) will present "The Reshaping of Texas Home Equity Laws and Remedies" during a session on state-specific emerging issues during the Conference on Consumer Finance Law (CCFL) Mortgage Symposium on Thursday, December 16, 2021.