Compliance News: Prepayment Penalty Matrix
Jun 29, 2023
On June 27, 2023, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-13 regarding the required use of the Supplemental Consumer Information Form (SCIF) for mortgage applications dated on or after August 28, 2023.
Since March 1, 2023, Docutech has been providing the Supplemental Consumer Information Form (Cx23518) and the Spanish Translation Aid Supplemental Consumer Information Form (Cx23519) for conventional loans sold to Fannie Mae and Freddie Mac (the Government Sponsored Enterprises [GSEs]).
A timeline for stage testing the documents listed above for FHA loans will be announced on Docutech’s Compliance website at https://compliance.docutech.com/.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.