Welcome to the American Mortgage Law Group, P.C.

Greater San Francisco & Greater Los Angeles Areas

Mortgage Repurchase and Indemnification Defense & Workout

AMLG has managed thousands of cases where loans have been subject to buy-back demands. We understand the nuances of mortgage repurchases and deploy various strategies to efficiently and effectively dispute, rebut and settle the demands placed on our clients.

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Litigation

AMLG advises and represents clients in all areas of mortgage related commercial litigation. Our dedicated team provides cost-effective litigation services on a variety of matters ranging from repurchase defense to contract disputes to fraud and more.

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Regulatory Compliance & Examinations

The AMLG team is experienced with the complex range of mortgage banking related laws and regulations. We constantly monitor for new developments and enforcement actions so that we may best serve and advise our clients.

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White Collar Defense

Our in-depth knowledge of the mortgage industry makes us the ideal legal representatives for clients such as lenders, brokers, loan officers and other industry professionals in both civil and criminal litigation and mitigation.

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Recent News

AMLG Releases HMDA Reporting Implementation Checklist

In an effort to better assist our clients prepare for the upcoming HMDA data reporting changes, AMLG has put together a HMDA Reporting Implementation Checklist. The Checklist is meant to help institutions affected by the changes identify key steps and tasks that must be undertaken on the road to implementation and to assist such institutions with their organization and planning. AMLG’s HMDA Reporting Implementation Checklist breaks down implementation of the amended Home Mortgage Disclosure Act (“HMDA”) reporting rule into 8 key steps and provides insight into the subtasks necessary for each step along the way. AMLG clients and newsletter readers may receive a complimentary copy of the Checklist by clicking here. In addition to the Checklist, AMLG recently co-hosted  a complimentary HMDA webinar entitled, “The Home Mortgage Disclosure Act: Framework, Impact, and Planning” with the Mortgage Bankers Association. If you missed the webinar, you can access the slide deck as well as a recording of the full webinar using the links below. Click here for a Link to the Recording of HMDA Webinar Click here for a Link to the PPT Slide Deck As a mortgage banking focused law firm, AMLG continues to be closely involved with our clients’ implementation of the amended HMDA reporting requirements. If you need further assistance with HMDA-related issues, including deciphering the reporting requirements applicable to your organization, assistance with implementation, updates to your policies and procedures, and/or counsel regarding fair lending best practices, please contact Managing Member James Brody by clicking... read more

CFPB Publishes Long-Awaited Proposed Amendments to TRID Rule

Since before TRID (also known as the TILA/RESPA Integrated Disclosure Rule and/or the Know Before You Owe Mortgage Disclosure Rule) went into effect on October 3, 2015, the industry has been grappling to understand the complexities and nuances of the extensive new rules and regulations. While many industry participants have been able to institute best practices to work towards compliance with the purpose and intent of the Rule, many gray areas still remain where the industry seeks additional guidance. Long-awaited by the industry, the CFPB recently released proposed updates to the TRID Rule on July 29, 2016 for public comment. According to the CFPB, “the proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty.” In addition to a number of clarifications that codify the Bureau’s previously informal guidance on various issues and other technical updates, the amendments address four substantive categories of proposed changes: Tolerances for the Total of Payments – Prior to the TRID Rule going into effect, the total of payments disclosure was determined using the finance charge as part of the calculation. The TRID Rule changed the total of payments calculation so that it did not specifically use the finance charge. The Bureau is now proposing to amend the Rule to include tolerance provisions for the total of payments that parallel existing tolerances for the finance charge and disclosures affected by the finance charge. According to the Bureau, this change would make the total of payments disclosure consistent with its previous treatment under Regulation Z, pre-TRID. Housing Assistance Lending – The Bureau is proposing to extend a partial exemption... read more

CFPB Updates Mortgage Servicing Rules

On August 4, 2016, the CFPB published a final rule that amends the Bureau’s Mortgage Servicing Rules, which went into effect in 2014. In addition to a number of technical corrections to servicing-related provisions of Regulations X and Y, the final rule updates the Mortgage Servicing Rules in the following substantive ways: Updates the requirements for servicers communicating with borrowers who have applied for loss mitigation; Requires servicers to give the protections of the loss mitigation rules to certain borrowers more than once during the life of their loan; Provides additional protections for successors in interest; Expands the definition of successor in interest; Requires servicers to provide information to potential successors in interest about the documentation needed to confirm their status; Ensures that confirmed successors in interest are given access to many of the same notices and documents that the original borrower would have received; Provides additional information to borrowers in bankruptcy; Provides borrowers in bankruptcy with periodic statements in certain circumstances, with specific information tailored for bankruptcy; Provides borrowers in bankruptcy with a modified early intervention notice to let them know about loss mitigation options; Provides flexibility for servicers to comply with certain force-placed insurance requirements; Finalizes a general definition of delinquency that applies to all of the servicing provisions of Regulation X and the provisions regarding periodic statements for mortgage loans in Regulation Z; Clarifies the treatment of periodic payments made by consumers who are performing under temporary loss mitigation programs or permanent loan modifications; Clarifies the early intervention live contact obligations of servicers; Clarifies various periodic statement disclosure requirements; and Clarifies the small servicer exemption. The... read more

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