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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Amendments to Various Texas State Regulations
by: Nicole LegereThe state of Texas has recently made a number of amendments to state regulations ranging from those involving judicial foreclosure proceedings to spousal maintenance agreements. All of these amendments will become effective on September 1, 2013. Expedited Judicial Proceedings Texas amended its Civil Practice and Remedies Code by adding Section 154.028 which allows […]
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North Carolina Adds Provisions Regarding Marital Property & Counsel Fees
by: Louis Danastorg Provisions Regarding Marital Property October 1, 2013, North Carolina’s amended definition of marital property to include entireties property will come into effect. The General Assembly added to the definition that all real property creating a tenancy by the entirety acquired after the date of marriage and before separation will be considered marital […]
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Rhode Island Adopts Rule Regarding Privacy of Consumer Financial Information
by: Amanda NicholsonRhode Island has recently adopted new rules and regulations pertaining to the privacy of consumer financial information. This regulation governs the treatment of all nonpublic financial information about individuals, claimants and beneficiaries of products or services by all insurance licensees of the Rhode Island Department of Business Regulation. It does not apply to […]
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Florida Modifies Mortgage Broker Licensing Provisions and Consumer Finance Charges
by: Lee Greenberg, Esq. Mortgage Broker Licensing Provisions The state of Florida recently modified provisions regarding mortgage broker licensing in House Bill 665. The legislation becomes effective on October 1, 2013. House Bill 665 authorizes, rather than requires, the Office of Financial Regulation, to deny a mortgage broker or mortgage lender license application if the […]
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Freddie Mac Launches Loan Quality Advisor (LQA)
by: Anna DeSimoneIn April 2013, Freddie Mac launced Loan Quality AdvisorSM (LQA) as part of its Greater Purchase Certainty initiative. LQA is a web-based risk and eligibility assessment tool that gives lenders an automated way to identify credit, data, and purchase eligibility issues before loans are delivered to Freddie Mac. By helping lenders spot and […]
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Mississippi Revises SAFE Act Provisions
by: Lee Greenberg, Esq.The state of Mississippi recently revised several SAFE Act provisions through the enactment of Senate Bill No. 2696. The new law has an effective date of July 1, 2013 and includes the following amendments:• A revised definition of “qualifying individual” as it is used in the Act and as it pertains to applications […]
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Ohio Passes New Legislation Allowing Temporary Loan Originator Licenses
by: Emily Ross, Esq.The Ohio Division of Financial Institutions recently adopted regulations detailing the issuance of temporary Loan Originator Licenses for out-of-state loan originators new to the state. Ohio Admin. Code 1301.8. These new regulations further define the regulations allowing temporary licenses passed by the General Assembly that went into effect in March of 2013. […]
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Florida Legislature Enacts Foreclosure Provisions
by: Lee Greenberg, Esq.The state of Florida recently enacted several foreclosure provisions under House Bill No. 87 which become effective immediately. House Bill No. 87 revised the limitations period for commencing an action to enforce a claim of a deficiency judgment after a residential mortgage foreclosure action. The existing law provides a five year statute […]
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Hawaii Amends Statutes Regarding Examinations and Licensing Fees
by: Nicole Legere, Esq.The state of Hawaii recently amended Chapter 454M of the Hawaii revised statutes by adding provisions which authorize the Commissioner of Financial Institutions to conduct exams and investigations. Additional amendments were made to adjust fees for mortgage servicer licensees to use the NMLS licensing system. These amendments are effective immediately. Investigation Authority […]
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Consumer Financial Protection Bureau Complaint Data Now Searchable by State
by: Anna DeSimoneMay 31, 2013 the Consumer Financial Protection Bureau (CFPB) expanded its Consumer Complaint Database to include state-by-state information. The CFPB also added complaints about money transfers and credit reporting to the database. In March, the database expanded from more than 19,000 credit card complaints to nearly 90,000 complaints on credit cards, mortgages, student […]