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News & Headlines

Texas Department of Banking Issues Notice on Emergency Closings

8/25/2020
The Texas Department of Banking reminds state-chartered banks that Texas Finance Code 37.002 permits the closing of an office or operation by an officer of a bank during an emergency, regardless of whether the banking commissioner has issued a procla

OCC Allows Banks Along Gulf Coast to Close

8/25/2020
The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices along the U.S. Gulf Coast at their discretion.

TBA Statement on Surprise FHFA Refinance Adjustment

8/13/2020
The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, has announced it will implement a “New Adverse Market Refinance Fee” adjustment for all refinance transactions of 0.5% of the loan amount.

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