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From the 87th - TMHA Supported HB 3417 Passes the House
May 12, 2021 - TMHA supported, HB 3417, passed out of the Texas House this morning. The bill that would add licensing flexibilities during a prolonged disaster, expedite bulk title transfers when a manufactured home community is bought and...
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From the 87th - 46 Days Left, and the Clock is Ticking
April 15, 2021 - With a little more than a month left of the regular session (46 days, but who’s counting); we are starting to see the finish line in the distance. It will be the typical sprint to...
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From the 87th - 46 Days Left, and the Clock is Ticking
April 15, 2021 - With a little more than a month left of the regular session (46 days, but who’s counting); we are starting to see the finish line in the distance. It will be the typical sprint to...
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Update on Texas’s Rent Relief Program; Funds Available with More to Come
March 15, 2021 - This is an update to our previous post about Texas’ Rent Relief Program. TDHCA announced on Saturday, March 13, the Texas Rent Relief Program has launched a new application system. The new system hopes to...
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Can Landlords Apply for Rent Relief on Behalf of Tenants & Does it Cover Lot Rent?
March 15, 2021 - While we linked to TDHCA’s Q&A in our previous post, we continue to get questions from members on applying to the Texas Rent Relief Program. The most common question is if a landlord, or community...
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From the 87th - Day 52
March 04, 2021 - We are now 52 days into the 140-day Legislative Session. And, nearly 2/5ths into this session and it continues to prove unlike any previous session in recent memory. We are currently looking at a scaled...
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Gov. Abbotts Ends Mask Mandate and Fully Opens Businesses on March 10
March 04, 2021 - On March 2, Gov. Abbott announced that the state’s mask mandate will end on March 10th, and that all businesses can return to 100 percent capacity. The business re-opening provisions include sporting events, concerts, and...
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CDC Eviction Case in TX District Court
March 03, 2021 - Last Friday, a TX District court ruled that the CDC eviction moratorium was unconstitutional. But this does not mean the order is immediately invalidated across Texas or the nation. The CDC and Dept. of Justice...
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TDHCA Eviction Diversion Program and Rent Relief Update
March 03, 2021 - As we have previous posted, the Texas portion of rental assistance and relief from the prior COVID relief legislation is administered by TDHCA. There is still more than $1 billion available and this program is...
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TDHCA Announces $1.3 billion Tenant and Landlord Rent Relief Funds
February 10, 2021 - Out of $25 billion dedicated nationally through the Consolidated Appropriations Act of 2021, TDHCA was awarded $1.3 billion in emergency relief funds, which will go toward assisting tenants and landlords in the state of Texas...
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From the 87th A Strange New World and Gov. Abbott's State of the State
February 02, 2021 - Strange times indeed. Pointing out the obvious, the 87th Session is certainly, at this point, unlike any other prior session. By a long shot. Testing before you enter the Capitol, limiting the number of people...
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The Start...the 87th Has Begun
January 14, 2021 - The 87th Texas Legislative Session is underway. We have a couple days under our belt of the total 140-day session. As of this post there have been 1,404 bills filed. Our team has gone through...
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CFPB New Rule for "Seasoned QM"
January 11, 2021 - The CFPB issued a final rule that creates a new type of QM – a Seasoned QM. The “seasoning” is for an amount of time (36-months). The new rule would convert originated non-QMs or rebuttable...
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CFPB Issues New Rule for General QMs
January 11, 2021 - The basic changes to QMs in the new rule are: No more 43% DTI required for QM underwriting (by your larger and institutional lenders, small creditor exempted lenders never had a hard 43% limit) The...
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Texas’s 87th Legislative Session Starts Tomorrow
January 11, 2021 - Tomorrow, January 12, 2021, the Texas Legislative Session will begin. Day one of 140 days. With all that is happening currently in our country and state, this session will certainly have new elements never before...
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CFPB Issues New Rules for QMs and Creates "Seasoned QM"
January 11, 2021 - On December 29, 2020 the CFPB published in the Federal Register two new final rules. One rule modifying provisions related to a “Qualified Mortgage” (QM), and another rule created a new type of QM called...
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Congress Passes Comprehensive Stimulus Bill
December 22, 2020 - Congress passed the Consolidated Appropriations Act of 2021on Monday, December 21, 2020. President Trump sign the bill into law on Sunday, December 27, 2021. We will have additional information on various details of the new...
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November 2020 Texas Legislature Election Results
November 04, 2020 - I know nearly all eyes are still transfixed on the handful of states still counting votes in the presidential election. And while those results are not yet known, we do now know the results of...
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Update on Texas Evictions and New Texas Eviction Diversion Program
October 08, 2020 - It’s been and continues to be a whirlwind when it comes to the eviction process in Texas, and throughout the country. From the CARES Act, FHFA forbearance, local prohibitions (Austin, Dallas, San Marcos, San Antonio),...
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CARES Act Eviction and Late Fee Moratorium and Commercial Loan Forbearance
September 04, 2020 - Temporary Moratorium on Eviction Filings The CARES Act enacted a Temporary Moratorium on Eviction Filings. As it might apply to some manufactured home communities, this moratorium ONLY applies to “federally backed multifamily mortgage loans.” For...