Banks currently apply a 250% risk weight to MSRs, while mortgages held on balance sheets generally receive a standard 50% risk weight. While regulators intended these requirements to limit excessive bank concentration... Read more »
If you’ve been named as an executor or personal representative in California, you’re facing new legal obligations starting January 1, 2026. Understanding these changes is critical to avoid personal liability and fulfill... Read more »
Yes, estate accounts can be taxed under certain circumstances. If the total value of an estate exceeds the federal estate tax exemption (which is $13.99 million as of 2025), the estate may... Read more »
At a time when lack of affordability is a major issue for prospective homebuyers, eliminating minimum credit score requirements in GSE automated underwriting may sound like a great idea to expand credit... Read more »
In Berger, the decedent Melanie Berger signed an unwitnessed, typewritten letter that she herself drafted, leaving her assets to her partner of approximately six months, Maria, in August 2002. The letter did... Read more »
In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but... Read more »
The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH Advantage and Freddie Mac’s CHOICEHome programs.... Read more »