Topic
Home Equity Loans
7 published works
Financial Services Perspectives
Home Equity Products 101
By Christy W. Hancock, Kyle A. Owens, D. Brian O'Dell, James W. Wright Jr., Samuel Adams, John Thomas Mostellar III
Home equity products enable homeowners to unlock the value of their homes through a variety of financing contracts. Each product has distinct features, benefits, and risks. In this post, we…
The Debt Lawyers Blog
What You Should Know Before Getting a Home Equity Line of Credit (HELOC)
Are you thinking of getting a HELOC? Easy access to funds might sound appealing and a home equity line of credit is a quick way to secure funds. However, there…
Consumer Finance and Fintech Blog
CFPB Files Amicus Brief in TILA Suit, Impacts How Banks Collect on HELOCs
By Moorari Shah, A.J. Dhaliwal, Sherwin Root
Recently, the CFPB filed an amicus brief in the U.S. Court of Appeals for the Fourth Circuit arguing that the court should reinstate a borrower’s putative class action claim against…
Financial Services Perspectives
A Good Day for Lenders: Texas Supreme Court Rules that Lenders Still Entitled to Equitable Subrogation for Non-compliant Home Equity Loans
By Melissa Gutierrez, Gabriella E. Alonso
On April 24, 2020, the Texas Supreme Court upheld a lender’s right to equitable subrogation for non-compliant home equity loans, ruling that lenders who fail to cure within the statutorily…
Consumer Financial Services Review
Fannie Mae and Freddie Mac Address Changes to Texas Home Equity Loans
Fannie Mae and Freddie Mac (the “agencies”) have developed new uniform instruments for use with Texas home equity loans beginning January 1, 2018. Those forms will reportedly be available on the agencies’…
Consumer Financial Services Review
Texas Voters Consider Big Changes to Home Equity Loan Restrictions
By Kris D. Kully, David A. Tallman
On November 7, Texas voters will have the opportunity to make some significant changes to the state’s homestead equity loan restrictions. As summarized below, Texas Proposition 2 will, if approved:…
Consumer Financial Services Review
Recent Texas Supreme Court Decisions Affect Home-Equity Lending in Texas
By Debra Bogo-Ernst, David A. Tallman, Charles M. Woodworth
The Texas Constitution is strict about protecting the homestead. In fact, until 1997, the Texas Constitution did not permit home-equity loans to be secured by borrowers’ homesteads. Even now, home-equity…