Illinois continues to move forward in regulating “shared appreciation agreements.” On August 15, 2025, the Illinois Department of Financial and Professional Regulation proposed regulations implementing the Residential...more
8/26/2025
/ Disclosure Requirements ,
Illinois ,
Licensing Rules ,
Mortgage Lenders ,
Mortgages ,
New Regulations ,
Property Valuation ,
Proposed Rules ,
Real Estate Financing ,
Real Estate Transactions ,
Regulatory Requirements
In this podcast episode, partner Holly Bunting discusses the evolving regulatory landscape for home equity investment (HEI) contracts, which have gained popularity as an alternative to traditional home equity lines of credit...more
On January 15, 2025, the Consumer Financial Protection Bureau (“CPFB” or the “Bureau”) took three coordinated actions related to home equity contracts (also referred to as “home equity investments,” “home equity agreements,”...more
1/24/2025
/ Amicus Briefs ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Enforcement Actions ,
Home Equity ,
Loans ,
Mortgages ,
Real Estate Transactions ,
Regulation Z ,
Truth in Lending Act (TILA)
Federal Housing Administration (“FHA”) approved lenders and mortgagees will no longer be required to register their branch offices. The US Department of Housing and Urban Development (“HUD”) published a final rule (the “Final...more
2/28/2024
/ Branch Offices ,
Consumer Financial Products ,
Federal Housing Administration (FHA) ,
Final Rules ,
Financial Services Industry ,
HUD ,
Mortgage Lenders ,
Mortgagee Letters ,
Mortgages ,
Real Estate Transactions ,
Registration ,
Regulatory Requirements