Primary Sources

This HUD letter to mortgagees deals with changes to interest rate requirements, including removal of the London Interbank Offered Rate (LIBOR) Index and replacement with the Secured Overnight Financing Rate (SOFR) index and permits mortgagees to commingle index types for newly originated annual adjustable interest rate home equity conversion mortgages (HECMs) when establishing the expected average mortgage interest rate using the U.S. Constant Maturity Treasury (CMT) and the SOFR index to establish the initial mortgage interest rate and periodic rate adjustments.

This HUD letter to mortgagees sets the 2021 nationwide Home Equity Conversion Mortgage (HECM) limits, effective for case numbers assigned on or after January 1, 2021.

This HUD letter to mortgagees sets the 2020 nationwide Home Equity Conversion Mortgage (HECM) limits, effective for case numbers assigned on or after January 1, 2020.

This HUD letter to mortgagees updates the mortgagee optional election (MOE) assignment for Home Equity Conversion Mortgages (HECMs) with FHA case numbers assigned prior to August 4, 2014.

This is a three-page summary of the history of RESPA’s affiliated business arrangement rule.  It summarizes concerns about the rise of controlled businesses, a 1980 HUD advisory on the subject, 1983 RESPA amendments, the 1988 HUD proposed rulemaking, the 1992 final HUD rule, the 1996 HUD policy statement, the 1996 statutory amendment, the resulting 1996 HUD rule change, and the 2011 recodification.

This HECM reverse mortgage guide is effective for HECM case numbers assigned on or after October 3, 2016, and sets the standards for mortgagees to evaluate the mortgagor’s willingness and capacity to timely meet the reverse mortgage’s financial obligations and to comply with the requirements of the reverse mortgage, and to determine if the HECM will represent a sustainable solution in the mortgagor’s financial circumstances.

This dialogue between Representatives Frank and St. Germain, found in the Congressional Record of November 18, 1983, concerns amendments to RESPA and their relation to similar TILA provisions, noting that TILA defenses are inapplicable to RESPA claims and discussing the bona fide error defense.

This is a NHTSA response to a letter on behalf of Toyota requesting NHTSA’s views on the legality of devices which connect to a vehicle’s instrument panel to prevent or partially prevent odometers from accumulating mileage. Toyota’s letter indicates that such devices are available for purchase on the internet and that Toyota believes they may be used to slow or stop the accumulation of mileage shown on the odometer of leased vehicles.

This is a 2010 article describing a Mintel Comperemedia study of the effect of the enactment of the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (CARD Act).  The study found the Act has not produced the expected negative results in terms of less-appealing credit card offers.

Listing the nine provisions the Department of Education consented to in In re Buchanan, No. 14-51161 (Bankr. M.D.N.C. June 13, 2015).