Abrams Garfinkel Margolis Bergson, LLP

#MortgageCompliance Question of the Week: Can you explain the recent amendments to the ATR/QM Rule? To learn more: https://agmblaw.com/compliance-question-of-the-week-2021/

Congratulations to #AGMBLaw Partner Neil Garfinkel for being selected to #crainsnewyork Business’ 2021 Notables in Real Estate. Those featured were selected by a team of Crain’s New York Business editors based on their significant impact on the New York City real estate industry. #NYCRealEstate #AGMBSuccess

#MortgageCompliance Question of the Week: Has Freddie Mac recently changed its requirements for use of a Power of Attorney? To learn more: https://agmblaw.com/compliance-question-of-the-week-2021/

Happy Holidays! This year we want to thank the people and programs that help our communities in need. AGMB will be making a donation to World Central Kitchen in support of their food relief efforts. Have a healthy and safe new year! http://agmblaw.com/PDFs/AGMB-Holiday-2020.pdf

#MortgageCompliance Question of the Week: As a Fannie Mae Seller/Servicer, are we responsible for the actions of our third-party originators (i.e. brokers and correspondents)? To learn more: https://agmblaw.com/compliance-question-of-the-week-2020/

#MortgageCompliance Question of the Week: What are some examples of quality control practices our company must have in place to comply with the Fannie Mae Selling Guide? To learn more: https://agmblaw.com/compliance-question-of-the-week-2020/

REBNY's Residential Member in Need Fund seeks to help all members of the residential community who have suffered as a result of the COVID-19 pandemic. Now more than ever we are counting on your support to help those in need. Please join us on December 3 to support the fund at our first ever virtual gala, and help give back to the community. #REBNYDOY2020

@NeilGarfinkel was featured in the article, "Refer-a-friend rent credits: Know what you're getting into". Read more about his take on the legal gray areas of referral credit before you refer your building to a friend. Brick Underground https://bit.ly/36KsExr

#MortgageCompliance Question of the Week: As a Fannie Mae Seller/Servicer, why is vendor oversight important and what should it entail? To learn more: https://agmblaw.com/compliance-question-of-the-week-2020/

#MortgageCompliance Question of the Week: If we utilize outsourced service providers, such as contract underwriters and processors, are we required to check them against exclusionary lists? To learn more: http://ow.ly/iPgi50BTj38

Mortgage Compliance Question of the Week: Have regulators issued any recent or updated guidance on Anti-Money Laundering ("AML") enforcement actions? To learn more: http://ow.ly/roKK50BtW6m

#MortgageCompliance Question of the Week: Does my organization need a Mortgage Electronic Registration Systems, Inc. ("MERS") Policy and Procedure and, if so, what should it entail? To learn more: https://bit.ly/31SGTPu

This weeks Mortgage Compliance Question of the Week: Does HUD’s requirement for Approved Mortgagees to periodically monitor its affiliates include vendors and other third parties? For more information: https://bit.ly/30JOHmb

The #nytimes interviewed Neil Garfinkel of #AGMBLaw for a story on how buyers are looking to close quickly on a new home or apartment while trying to stay safe during the moving process. Mr. Garfinkel said he has seen co-op boards implement more rigorous policies as a result of the pandemic. Each building has been affected differently by the pandemic and no single approach is likely going to work, Mr. Garfinkel said. In my view, boards have the right to set their own policies as long as they are acting with uniformity and in the best interest of shareholders. To read the article, click here: http://ow.ly/K4My50ANGXX #RealEstate #COVID-19

This weeks Mortgage Compliance Question of the Week: Must a lender separately disclose (or itemize) the Appraisal Management Company’s (AMC) fee from the actual appraisal fee on the Loan Estimate (LE) and Closing Disclosure (CD)? To learn more: https://bit.ly/2WOEB1c

AGMB is seeking attorneys and paralegals for our Residential Bank Processing and Closing Department. We are particularly interested in self-starters with excellent verbal and written communication skills, familiarity with the TRID process and the ability to multi-task in a fast-paced environment. Prior experience with processing and closing residential mortgage transactions as a settlement agent is required. To review details about the application requirements: https://agmblaw.com/careers/

This weeks Mortgage Compliance Question of the Week: How does the OCC differentiate between "high risk" and "low risk" third-party relationships, and how does the risk management process differ between these two categories? To learn more: https://bit.ly/2C0Yg6B

This week’s Mortgage Compliance Question of the Week from AGMB: Has the FHA issued any guidance on quality control requirements on EPDs in light of the COVID-19 pandemic and increased EPDs nationwide? To see more: https://bit.ly/37YFJDy

Some Fair Housing Administration approved mortgagees have been getting into trouble for using Borrower's Authorization forms with expiration dates. Find out more about this problem, and how you can avoid it, in this week's Compliance Question of the Week from AGMB, which you can read here: https://bit.ly/3eeFl6k

As a mortgage lender, a Notice of Incomplete Application under the Equal Credit Opportunity Act (ECOA) must meet certain requirements. But what are those requirements, and when is issuing a Notice of Incomplete Application appropriate? Find out more in AGMB's Compliance Question of the Week: http://ow.ly/EuiB50A0hWK

#NeilGarfinkel was featured in a recent #Bisnow article, Confusion Over Rules Has Led NYC Brokers To Give Illegal CRE Tours. In the article, Mr. Garfinkel said, although real estate is deemed an essential service in New York State, New York City is still in lockdown, which means commercial real estate brokers are forbidden to conduct in-person showings of their properties. To read the article, click here: http://ow.ly/nJAx50zVx56

AGMB is hiring new staff for our Mortgage Loan Pay-Off and Residential Bank Closing Departments. We are seeking paralegals, attorneys and legal assistants who are eager to join our growing team. We are seeking self-starters who are able to multi-task in a fast paced legal environment. Experience with processing and closing residential mortgage transactions as a settlement agent is required for our Residential Bank Processing/Closing Department, as is familiarity with the TRID process. Please send us your resume and cover letter to [email protected]. Please click on this link for full job descriptions: https://agmblaw.com/careers/

The Electronic Signatures in Global and National Commerce (E-SIGN) Act requires mortgage companies to get consent from a mortgage applicant prior to initial disclosures, if those disclosures are issued electronically. But what happens if the applicant fails to give e-consent and open the disclosure package before the third business day, when it is legally due? Find out in AGMB's Compliance Question of the Week: http://ow.ly/8r2K50zyV1z