At the end of last year, FNMA updated several of their uniform documents (see https://compliance.docutech.com/2017/12/27/document-updates-fannie-mae-updates-texas-uniform-instruments/) to be more compatible with the recently passed amendments to Texas’ Constitution (see https://compliance.docutech.com/2017/11/28/document-updates-various-texas-home-equity-loan-documents-2/).
After reviewing FNMA’s changes, we have decided to incorporate these changes into the following documents:
- TX Home Equity Second Deed of Trust (Cx6179; will more closely match the language of FNMA Form 3044.1, but geared towards junior liens);
- TX Home Equity Second Note (Cx6183);
- TX Home Equity 3529.44 Conv. Fixed/Adj. Rate Note – WSJ 1yr LIBOR (Cx6541; will match the language of the uniform document);
- TX Home Equity 3523.44 Fixed/Adj. 1 Year Treasury Convertible Note (Cx7857; will match the language of the uniform document); and
- TX Home Equity 3263.44 Fixed/Adj. 10 Year Treasury Note (Cx7860; no longer a uniform document, as of 2014).
These changes will take effect on April 4, 2018. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
DR 257737