Provided pursuant to 7 C.F.R. § 3555.107(i) and RD HB-1-3555, ch. 10 & 15, Form RD 3555-21 discloses (in Section 6) a breakdown of the amounts which loan funds will be applied to (e.g., principal amount,…
On November 18, 2020 the Department of Housing and Urban Development published revisions to FHA Single Family Handbook 4000.1 (see SFH Handbook 4000.1 | HUD.gov / U.S. Department of Housing and Urban Development (HUD)). Some of these revisions include removing a restriction against an attorney-in-fact for military personnel from signing both the initial and closing copies of the loan application,…
Our standard Tennessee Lock-In Agreement (Cx14675) is provided in all Tennessee Initial Disclosures with an existing rate lock, in order to satisfy Tenn. Comp. R. & Regs. 0180-17-.01, .04 & .05 of the Tennessee Residential Lending, Brokerage, and Servicing Act….
The provision under S.C. Code Ann. § 37-23-70(D) and according to the South Carolina Department of Affairs, at the time of application for a mortgage loan, the mortgage broker, originator, or employee shall provide the borrower with a document specifying the agency’s designation….
Mass. Gen. Laws ch. 184, § 17B 1/2 requires that:
“At or before closing [a subprime loan at a variable or adjustable rate of interest], the mortgagee shall obtain evidence that the mortgagor has completed an approved counseling program.”…
The following changes are being made to the redesigned FNMA Form 1003/FHLMC Form 65 (our Cx20667) following further testing that has been done during the FNMA/FHLMC Limited Production Period:
…
As previously announced, Delaware recently amended Del. Code Ann. tit. 25, § 2108 by including a new subsection which holds that a mortgage that states that it is “intended to constitute a purchase money mortgage creates a rebuttable presumption that the mortgage is a purchase money mortgage” and,…
The Pennsylvania Department of Banking and Securities has announced in 50 Pa.B. 6269 (Nov. 7, 2020) that they will be adjusting the “base figure” from $260,404 to $263,975 (see http://www.pacodeandbulletin.gov/Display/pabull?file=/secure/pabulletin/data/vol50/50-45/1544.html). The “base figure” is defined in 41 P.S….
DE S.B. 245 (2019) was signed into law by Gov. John Carney (D). The synopsis of the bill states the following (in relevant part):
“This Act amends the Real Estate Code to modernize the definition of purchase money mortgage under Delaware law to include lenders other than the seller of the mortgaged property who provide financing to purchase the property….
Feedback from different counties in Massachusetts shows that they are expecting the notary to identify which type of identification was used in identifying the signer, in accordance with the general notary statute found in Mass. Gen. Laws Ann 183, App.,…
