After review, it was discovered in both Cx494 “NC Deed of Trust Second” and Cx509 “Tennessee Deed of Trust Second (Cx509)” that at the end of the first paragraph where it reads:
(“Lender”) is organized and existing under the laws of __________,…
On March 19, 2025, the U.S. Department of Housing and Urban Development published Mortgagee Letter 2025-08 entitled Rescinding Multiple Appraisal Policy Related Mortgage Letters. This Mortgagee Letter rescinds several policy changes issued in ML 2024-07, ML 2024-16, and ML 2021-27….
Mass. Gen Laws Ann. Ch. 140, §114B allows for “a delinquency charge on any payment not paid in full within fifteen days of its due date in an amount equal to ten percent of the outstanding balance or ten dollars,…
We have updated the South Dakota Notary for Remote Online Notarizations (RON) to match the model form found in the South Dakota Notary Public Handbook. The notary block now includes the remote location of the signer as well as wording that indicates the Notary was performed using a tamper-evident electronic notarization system….
We are making an update to a field on our Interest Rate Reduction Refinancing Loan (IRRRL) Worksheet (Cx5535). Clients can choose to use financed discount points on the IRRRL Worksheet instead of all discount points. This functionality is triggered by setting field 143184 “VA IRRRL Worksheet – Use Financed Discount Points” to ‘Yes’,…
Cx3971 is provided pursuant to 24 CFR 203.12(b)(2) and the SFH Handbook 4000.1 II.A.5.d.ix(A)(2)(b) which requires a Builder’s Certification of Plans (HUD 92541) to be submitted in the case file for construction loans. HUD has published an updated form that updates several of the internal legal references. …
SFH Guaranteed Loan Program Technical Handbook HB-1-3555 Ch. 12 Sec. 3-12.9.A. states:
“Lenders must provide applicants with Form HUD-92564-CN, For Your Protection:
Get a Home Inspection, with evidence maintained in the lender’s permanent loan file.”
As such,…
After review, Docutech has decided to have the language in Cx1062 “Fixed Rate Note New Hampshire Second” mirror the language in Fannie Mae/Freddie Mac Uniform Instrument Form 3230 “New Hampshire Fixed Rate Note.”
Cx1062 has been updated with the addition of Paragraph 3(C) “Acceptance and Application of Partial Payments” to Paragraph 3 “Payments” which is specific to New Hampshire notes….
As previously announced, we have created a revised set of FHA security instruments and notes that are based on the 2021(effective 2023) GSE forms. In a later announcement, we gave a timeline of the rollout of these documents and the discontinuation of the old FHA notes and instruments….
According to Cal. Bus. & Prof. Code §10240(a), a real estate broker is required to deliver to the borrower a statement in writing containing certain information, including amounts for appraisal fees, escrow fees, and title charges. Subsection (c) states that if the borrower receives a “good faith estimate” satisfying the requirements of the Real Estate Settlement Procedures Act of 1974 with other specified disclosures,…
