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August 4, 2025 Washington Implements New $80 Foreclosure Prevention Fee on Residential Loans

Washington State has enacted new legislation—Senate Bill 5686—that introduces a mandatory $80 Foreclosure Prevention Fee on most residential mortgage loans.…

June 15, 2025 New York Implements New Disclosure Requirement: “What Mortgage Applicants Need to Know”

As of June 11, 2025, lenders and banking organizations licensed under New York law are required to provide a standardized…

June 15, 2025 Judge Blocks CFPB’s Bid to Reverse Redlining Settlement with Townstone Financial

The CFPB originally filed suit against Townstone Financial in July 2020, alleging the company violated the Equal Credit Opportunity Act…

June 15, 2025 Trigger Leads Legislation Gains Momentum in Both House and Senate

This past week marked a major shift in the effort to curtail trigger leads in the mortgage industry, as both…

June 7, 2025 Georgia Cracks Down on Misleading Mortgage Trigger Lead Solicitations Under HB 240

On May 13, 2025, Georgia enacted House Bill 240, updating the Fair Business Practices Act to restrict the use of mortgage trigger…

June 7, 2025 Georgia Sets Financial and Governance Standards for Mortgage Licensees Under HB 15

Effective July 1, 2025, Georgia House Bill 15 introduces sweeping changes to the Georgia Residential Mortgage Act, establishing stricter financial standards and corporate governance…

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