As previously announced, HUD has published revised versions of some of their documents – most notably form HUD-92900-A, which has now been separated from the VA-copy of the same form (Form VA Form 26-1802a).
Due to this separation,…
As previously announced, the SSA has published on their website a revised version of Form SSA-89. Our Cx5579 is a duplicate of this form and we are updating it to match the latest version.
New Fields
A major change between the previous and the current versions of the Form is the list of borrower reasons for authorizing consent to a company to verify their SSN (“Reasons”)….
The “Total UFMIP” section in the glossary of the HUD form 92900-LT (FHA Loan Underwriting and Transmittal Summary) states that “Mortgagees must enter the amount being financed into the loan (i.e. exclude cents).” In light of this definition, and considering the fact that FHA does not finance cents into the UFMIP,…
Based on a review from examples provided in Thomas E. Black, Jr. David F. Dulock Daniel S. Engle. 2018: (https://www.bmandg.com/wp-content/uploads/article-repository/2018-Home-Equity-Manual.pdf), we are modifying our Texas Home Equity Loan Closing Instructions Addendum (Cx5004) which is based on Tex. Const. art. 16,…
Pursuant to our monthly audit of Federal agency forms, we will be updating the following documents to match the most recent revisions published on the VA’s website (https://www.va.gov/find-forms/):
Substantial changes to these documents are as follows:
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Pursuant to our monthly audit of Federal agency forms, we will be updating our copies of the Model Notice for Informed Consumer Choice Disclosure (Cx41) and form HUD-92900-LT (Cx13513) to match the latest versions of these forms (which can be found at: https://www.hud.gov/program_offices/administration/hudclips/forms/ and https://www.hud.gov/program_offices/housing/sfh/model_documents)….
As previously announced, FHLMC has incorporated some of their temporary requirements imposed due to the COVID-19 pandemic into their “Single-Family Seller/Servicer Guide”, making such requirements permanent. Among these are the requirements for an employee of the lender or settlement agent to explain to the borrower the terms of the loan,…
As previously announced, Alaska signed into law AK H.B. 124 (2020), which permits electronic recordings and remote notarizations. Part of the changes included the addition of the statement: “This notarial act involved the use of communication technology”…
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:
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After a standard review, we are modifying the language that prints on two of our second lien DOT Security Instruments in Virginia (Cx512) and Nebraska (Cx496) to match the language of the first lien Security Instruments published by FNMA.
On both second lien documents,…
As previously announced, FNMA has posted the following:
“Based on information we have seen from the IRS Income Verification Express Service (IVES) program, IRS Forms 4506-T and 4506T-EZ are being phased out for use by third parties in early 2021….
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,…
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….
