Stay ahead with trusted industry insights and compliance updates.
New Documents and New Programs: Interest Only and Non-Assumable Secured Overnight Financing Rate (“SOFR”)
Jul 9, 2020
Interest Only SOFR Support has been added for several new Interest Only SOFR products under the “Custom Programs” investor (CSTM) in ConformX.
Topics: Document Updates
Document Updates: CO Lock-In Disclosure (Cx13134) and CO Dual Status Disclosure (Cx14095)
Jul 8, 2020
Cx13134 is provided pursuant to Colo. Rev. Stat. Ann. § 12-10-725(2) and 4 Colo. Code Regs. Pt. 725-3, while Cx14095 is provided pursuant to Colo. ...
Topics: Document Updates
Document Updates: All Indiana Real Property Recordable Documents
Jun 30, 2020
Earlier this year, Gov. Eric Holcomb (R) signed into law S.B. 340 (2020), which made a subtle amendment to Ind. Code Ann. § 32-21-2-3(a)(1), ...
Topics: Document Updates
Program Updates: Late Fee Disclosures and Deferred Payment Loans
Jun 25, 2020
Late Charge Disclosure
Topics: Document Updates
Global Mapping Addition: Lower TP5Y/TOP Amount by Including Negative Per Diem Interest (FI 123481)
Jun 22, 2020
Under TRID 1.0, no guidance was given as to whether or not negative prepaid interest (which normally exists due to a refund by the creditor to the ...
Topics: Document Updates
Configuration Updates: Configuration Change to Explanation of Loan Terms (POA) (Cx23852)
Jun 10, 2020
Under FNMA LL-2020-03 and FHLMC Bulletin 2020-8, settlement agents and other persons “connected to the transaction” are permitted to act as an ...
Topics: Document Updates
Copy That: Is the CFPB’s “New” Requirement for Copies of the Integrated Disclosures Really New?
Jun 6, 2020
By: Timothy A. Raty, Sr. Regulatory Compliance Specialist
Topics: Recent Articles
No Consent, No Verification
Jun 3, 2020
By: Timothy A. Raty, Sr. Regulatory Compliance Specialist
Topics: Recent Articles
Operationalizing the “(optional)” Label on the Integrated Disclosures
Jun 3, 2020
By: Timothy A. Raty, Sr. Regulatory Compliance Specialist
Topics: Recent Articles
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.
Matrices
Access our compliance matrices.
- Cooperative Matrix
- State Disclosure Matrix
- Federal Disclosure Matrix
- FHA Disclosure Matrix
- FNMA-FHLMC Matrix
- Foreign Language Disclosure Matrix
- Late Fee Matrix
- Late Fee ConformX® Matrix
- Net Tangible Benefit Matrix
- Notary Form Acknowledgement
- Prepayment Penalty Matrix
- Recordable Instruments Matrix
- USDA Matrix
- VA Matrix
TRID Center
Expand your knowledge and understanding of TRID 1.0 and 2.0 with these TRID resources.
- TRID 2.0 Updates: Closing Disclosure (Cx18566) and Spanish Closing Disclosure (Cx18991) – Principal Reduction Verbiage
- DI Check Update: Warnings and Errors for Second Lien Loans Exempt from TRID
- Global Mapping Updates: Field “Integrated Disclosure Loan Indicator” and Second Liens Exempt from TRID
- TRID 2.0 Updates: Closing Disclosure (Cx18566) and Spanish Closing Disclosure (Cx18991) Changing Prepaid Interest From 0 to 0.00.
- TRID 2.0 Updates: Post-Consummation Construction Fees
- TRID 2.0 Updates: Prepaid Interest, Payoffs and Payments, and Monthly Escrow Payment Changes
- TRID 2.0 Document Updates: Loan Estimate (Cx18565) and Spanish Loan Estimate (Cx18990) – Closing Costs Expiration Changes
- System Doc Updates: Promissory Notes, Integrated Disclosures, and Land Trusts
- Document Updates: DC Lock-In Agreement (Cx10455)
- TRID 2.0 and Construction Loans
- TRID 2.0 Change: Excluding NPEs from “Borrower” on the Closing Disclosure
- Document Updates: Loan Estimate (Cx18565) and Closing Disclosure (Cx18566) for Construction-to-Permanent
- TRID 2.0 – What Differs from the Proposed Version
URLA Resources
View helpful URLA Compliance resource articles and blog posts.
- URLA Resource Center
- Redesigned Uniform Residential Loan Application
- Compliance News: New URLA Implementation Timeline
- Recent Changes: Know Before You Owe Proposal and New Uniform Residential Loan Application
- 1003 Demographic Information Addendum
- URLA and Data Collection Model Form Updates
- Updates to New FNMA Form 1003
- New Field Mapping and Configuration Update: Print 1003 Demographic Information Addendum
- ULI on FNMA Form 1003 and Demographic Information Addendum
- FHFA Launches Language Translation Disclosure
- FHFA Outlines Plans for Language Access Support
- Notice to Borrowers about Language (Cx22719)
- 2009 and 2018 versions of FNMA Form 1008/FHLMC Form 1077
- Updated FNMA Form 1008
- FNMA Form 1008 Changes and Updated Second Home Rider
- FNMA Indefinitely Postpones Form 1008 Mandatory Effective Date
- Compliance News: Updated FNMA Form 1008
- FNMA Form 1008 Usage Change and Relaxed Late Charge Requirements
- Fannie Mae Selling Guide Announcement
- 1008 Uniform Underwriting and Transmittal Summary – 12/2018
- Global Mapping and Document Changes: Redesigned URLA and UUTS
- Document Updates
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