Seller Financing is Under Attack in Texas
Seller Financing and RMLOs are Under Attack in Texas. There are proposed rule changes “by “the Department of Savings & Mortgage Lending (SML) that could make it harder to safely create seller-financed transactions. SML is considering changes to its rules in 7 Texas Administrative Code: Chapter 78, concerning Wrap Mortgage Loans; Chapter 79, concerning Residential Mortgage Loan […]