Pursuant to our monthly audit of Federal Agency forms, we will be making the following, substantive changes to Cx18891, to make it match the model form available through https://forms.sc.egov.usda.gov/eForms/searchAction.do?pageAction=BrowseForms/:
…
Our North Carolina Tangible Net Benefit Worksheet (Cx2031), and our Tangible Net Benefit Worksheet (Cx12531) that prints for Minnesota and New Mexico refinances (and can print for Alaska, Arkansas, New York, Ohio, Virginia, and Washington upon request), both have language in the “Type of Loan”…
As previously announced, VA Circ. 26-20-13, Change 1 adds the following to VA Circ. 26-20-13 (a Circular providing guidance on valuation practices during the COVID-19 pandemic):
“d. Water System Acceptability. Well water testing for refinance transactions where the home is already encumbered by a VA loan will be waived….
During a review of VA documents following the rolling updates to the chapters of VA Handbook 26-7, Docutech has determined that the language of VA Form 26-6393, Loan Analysis, and references in Chapter 4 of the Handbook, indicate that only the Veteran should be listed in Box 1 “NAME OF BORROWER”….
Cx15037 is provided pursuant to Ga. Code Ann. § 48-6-69(a), which requires, in connection with real property which is located in more than one county, for the intangible recording tax to be distributed between each county on a pro rata basis….
On May 11, 2020 the VA published VA Circ. 26-20-13, Change 1, which (inter alia) amends VA Circ. 26-20-13 to require the following:
“d. Water System Acceptability. Well water testing for refinance transactions where the home is already encumbered by a VA loan will be waived….
On May 6, 2020 the Minnesota Department of Commerce published its bi-annual adjustments to certain dollar amounts promulgated under the Minnesota Consumer Credit Code (Minn. Stat. Ann. § 47.59) and Regulated Loan Act (Ibid. ch….
Pursuant to a document review, we are adjusting the Lender notary on our Texas Affidavit of Fair Market Value of Homestead Property (Cx3653). The name used in the notary paragraph will now be the “Corporate Officer Full Name – First Officer”…
Since the incorporation of the Alternative Reference Rates Committee’s “fallback” language (“ARRC language”) into the uniform FNMA and FHLMC ARM notes and ARM riders (see https://compliance.docutech.com/2020/03/18/document-updates-adding-fallback-language-to-standard-arm-notes-and-arm-riders/ for details), questions have been raised as to whether or not this language should also be incorporated into our standard FHA and VA ARM notes and riders….
Cx14692 has historically been provided exclusively for VA and RD loans under the provisions of VA Circ. 26-10-01 & 26-10-9 and RD AN No. 4510 (1980-D), which, due to the combining of origination-type charges into Line 801 of the HUD-1 starting in 2010,…
