News & Articles

Attorneys

Practice Areas

General Counsel Services

Joseph D. Simon and Kevin Patterson Published in the Westlaw Journal Discussing the Expansion of the Qualified Mortgage Safe Harbor Under the Regulatory Relief Bill

July 19, 2018

Joseph D. Simon and Kevin Patterson, both Partners in the firm's Banking Department, were recently published in the Westlaw Journal Bank & Lender Liability publication. The article is titled, "Expansion of the qualified mortgage safe harbor under the regulatory relief bill: Significant help for portfolio lenders under $10 billion in assets."

The article discusses a key provision in the recently passed banking regulatory relief bill that will ease certain restrictions on mortgage lending by community banks. Banks under $10,000,000 in assets that do not sell mortgage loans in the secondary market will now be allowed greater flexibility in evaluating potential mortgage applicants.

To read the article, please click here.