More about Zachary Pearlstein
Zachary Pearlstein, JD, is a Regulatory Compliance Director with CLA's Mortgage Advisory Division. He joined CLA on January 1, 2014, as part of its acquisition of Bankers Advisory, Inc. Zachary oversees Mortgage Advisory's regulatory compliance team, which focuses on federal and state compliance, fair lending, and the Home Mortgage Disclosure Act (HMDA). He is a graduate of Brandeis University and earned his juris doctor at Suffolk University Law School. He is admitted to the Massachusetts Bar.
Blog Posts by Zachary Pearlstein:
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HUD Announces Lower Mortgage Insurance Premiums for FHA Loans
On February 22, 2023, the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a significant reduction in annual mortgage insurance premiums for newly originated FHA loans.
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Implications of 2022 Juneteenth Holiday on Residential Mortgage Transactions
In June of 2021 President Biden amended 5 U.S.C. 6103(a) to add “Juneteenth National Independence Day, June 19” to the list of Federal legal public holidays. Many regulatory provisions reference this list of holidays, including Regulation Z’s specific business day definition. However Regulation Z includes two definitions of “business day,” (specific and general) that apply to different disclosures.
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New York Enacts Provisions Regarding Home Loan Modifications
The state of New York has recently added a section to its banking law regarding delinquent home loan modifications. These provisions are effective on January 2, 2022.
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Wisconsin Enacts Provisions Regarding Financial Institutions
The state of Wisconsin has recently enacted provisions regarding financial institutions, which include temporary authority to act as a mortgage loan originator while a license application is pending. Provisions in this bill range from effective immediately to effective on May 2, 2021.
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New Jersey Issues Bulletin Regarding 2020 High-Cost Home Loan Dollar Adjustment
The New Jersey Department of Banking and Insurance has issued a bulletin setting out the maximum principal amount for loans that may be considered “high-cost home loans” under the New Jersey Home Ownership Security Act of 2002. The adjusted dollar amount is effective for loan applications received on or after January 1, 2020.
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Rhode Island Enacts Provisions Regarding Revised Uniform Fiduciary Access to Digital Assets Act
The state of Rhode Island has recently enacted the Revised Uniform Fiduciary Access to Digital Assets Act, effective immediately.
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Delaware Modifies Provisions Regarding Licensing and Fees
The state of Delaware has recently modified its provisions relating to licensing and fees for mortgage brokers and licensed lenders. These provisions are effective immediately.
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New Jersey Amends Provisions Regarding Foreclosure
The state of New Jersey has recently amended its provisions relating to foreclosure, effective immediately.
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New Hampshire Amends Provisions Regarding Mortgage Exemptions
The state of New Hampshire has recently amended its provisions regarding mortgage exemptions, effective immediately.
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Hawaii Enacts Provisions Regarding MLO Licensing
The state of Hawaii has recently enacted provisions regarding the temporary authority of certain individuals to engage in business as a mortgage loan originator (MLO).