More about Anna DeSimone
Anna DeSimone founded Bankers Advisory in 1986 and is a nationally recognized authority in residential mortgage lending. She has received numerous industry awards and has authored more than 40 best practices guides and hundreds of articles.
Blog Posts by Anna DeSimone:
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Louisiana Modifies Provisions Regarding Seizures and Sales
by Louis Danastrong J.D.In Louisiana, the General Assembly has recently modified its seizure and sale of property provisions. Typically, a court will only grant a writ of seizure and sale after a lender first exhausts all other possible means of compelling payment from the judgment debtor. Once they have taken the appropriate steps, the lender […]
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Hawaii Amends Lending and Foreclosure Regulations
by: Nicole Legere Changes to Foreclosure Law Hawaii amended Chapter 667 by adding a provision intended to govern the postponement or cancellation of a public sale subsequent to foreclosure proceedings. Under this new provision, the notice of cancellation or postponement must be announced by the court appointed commissioner at the date, time, and place of […]
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Kansas Revises Provisions Regarding Mortgage Interest Rates
by Zachary Pearlstein, Esq.Kansas has recently made several revisions that relate to mortgage interest rates, effective July 1, 2013.The revised bill includes the following provisions: • The parties to any promissory note or similar instrument (i.e. bill or bond) may stipulate the amount of interest at a rate not to exceed 15% annually (unless otherwise authorized […]
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Louisiana Adds Foreclosure and Credit Agreement Provisions
by Louis Danastorg, J.D., M.B.A. Provisions Regarding Foreclosure Action Starting August 1st, 2013, Louisiana’s newly added provisions concerning leases and residential lessee’s (including prospective lessees) right to notification of a foreclosure action come into effect for all lessors in residential leases, even those leasing property subject to a federally-related mortgage loan or receiving housing subsidies, […]
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New Hampshire Amends Provisions Regarding Registry of Deeds Documents
by Amanda Nicholson, J.D.On June 28, 2013 the state of New Hampshire Amended provisions regarding Registry of Deed documents. The amendments will take effect on August 27, 2013. The bill requires that the registry of deeds remove all social security numbers, armed forces service numbers, credit card numbers, and deposit account numbers on documents that […]
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North Carolina Modifies Provisions Regarding Trusts, Estates, and Powers of Attorney
by: Louis DanastorgOn June 5th, 2013 the General Assembly of North Carolina passed an act purposed to update and clarify provisions of the laws governing estates, trusts, guardianships, powers of attorney, and other fiduciaries. These revisions become effective October 1, 2013 and apply to estates of decedents dying on or after that date. Part 1: […]
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New Mexico Amends Uniform Commercial Code and Public Records Laws
by: Nicole Legere New Mexico Uniform Commercial Code Amendments to the Uniform Commercial Code were intended to clarify the applicability of the Electronic Fund Transfer Act to remittance transfers. A remittance transfer is defined to include certain electronic money transfers from the United States to recipients abroad. This amendment states that the Electronic Fund Transfer […]
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Freddie Mac Issues New Mortgage Eligibility Criteria
by: Anna DeSimoneJuly 2, 2013, Freddie Mac issued Industry Letter 2013-06 to all Freddie Mac Sellers entitled “Freddie Mac’s New Mortgage Eligibility Criteria.”On May 6, 2013, Freddie Mac issued an Industry Letter notifying Sellers of revised requirements as a result of the Consumer Financial Protection Bureau’s (CFPB) final rule on ability to repay and qualified […]
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Fannie Mae Publishes Additional Information Regarding ATR & QM
by: Anna DeSimoneJuly 2, 2013, Fannie Mae issued Lender letter 2013-06 to all Single-Family Sellers entitled “Additional Information about Ability to Repay and Qualified Mortgage Requirements”On May 6, 2013, Fannie Mae issued Lender Letter LL-2013-05, Qualified Mortgages, to address the Consumer Financial Protection Bureau’s (CFPB) final rule issued on January 10, 2013, that implemented the […]
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Oklahoma Adopts Provisions Regarding Truth in Lending Rules
by: Lee GreenbergThe state of Oklahoma recently adopted several provisions that incorporate federal changes to Regulation Z for purposes of maintaining Oklahoma’s exemption from federal enforcement of the consumer credit disclosure provisions of the Truth in Lending Act and Regulation Z. The legislation implements enhanced mortgage disclosure requirements which were incorporated into the Uniform Consumer […]