Pursuant to the Blue Water Navy Vietnam Veterans Act of 2019, and VA Circular 26-19-30, Purple Heart recipients can now receive a waiver for the VA Funding Fee. In light of this change, we are making a modification to our ConformX Data Integrity Warning that triggers with the following message:
“The Department of Veterans Affairs (VA) Funding Fee does not have a value….
Cx16920 is provided upon request pursuant to R.I. Gen. Laws Ann. § 44-30-71.3 and 280 R.I. Code R. §§ 20-10-1.7(H), 20-10-1.8(B), 20-10-1.10, 20-10-1.12(D); it is based on the following forms published by the Rhode Island Division of Taxation on their website (http://www.tax.ri.gov/taxforms/nrrewh.php):
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Our Cx18212 (an “upon request” only document) was created in 2014 due to the creation of current 12 C.F.R. § 1026.36(g), which requires the name and NMLSR ID of both the “loan originator organization” and “individual loan originator . ….
As previously announced, the Consumer Financial Protection Bureau (“CFPB”) has updated a couple of the dollar amounts specified in various parts of Federal Regulation Z (12 CFR Pt. 1026), which amounts are required to be adjusted annually for inflation….
After a recent compliance review, we are updating our “From MERS” Assignments to better match the appropriate terminology to refer to the Mortgage Electronic Registration Systems, Inc. (MERS) in the Assignment text.
The example Assignment language from the MERS Systems Procedures Manual is as follows:
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The US Department of Housing and Urban Development has updated Form HUD – 92577 “Request for Acceptance of Changes in Approved Drawings and Specifications”. As a result, we are modifying our copy (Cx14872) to more closely match the model form….
After a recent review, we are updating the logic for question “18. First Time Homebuyer?” of the HUD-92900-A “HUD/VA Addendum to Uniform Residential Loan Application” (our Cx20336). Currently the “a. Yes” checkbox will be checked on the form if either of the borrowers on the copy have their corresponding field “First Time Home Buyer Status” set to “Yes,” and “b….
In 2013, due to instructions from the Federal Housing Finance Agency (FHFA), which were issued in connection with the new ATR/QM rules, Fannie Mae issued SEL-2013-06, which explained that they would cease to purchasing “loans with an interest-only feature”….
Our Cx13513 is a duplicate of form HUD-92900-LT, which is required by no fewer than fifteen parts of FHA Single Family Handbook 4000.1 (see our “FHA Disclosure Matrix” for details). A copy of the form can be downloaded from HUD’s website (https://www.hud.gov/program_offices/administration/hudclips/forms/hud9)….
Pursuant to the Blue Water Navy Vietnam Veterans Act of 2019, and VA Circular 26-19-30, Purple Heart recipients can now receive a waiver for certain fees. The Department of Veterans Affairs has updated its “Request for a Certificate of Eligibility” form (VA Form 26-1880) to accommodate this waiver of fees. …
VA Form 26-8937 is the Verification of VA Benefits, our Cx3952. Form 26-8937 has been updated on the VA website and we are updating Cx3952 accordingly. These changes are mostly minor text and formatting. The one change of note is the removal of a sentence in the RESPONDENT BURDEN section: “If desired,…
For some standard documents in ConformX, we default to legal size, but they can be modified to print in letter size. One of the ways this is handled is with field “Print All Documents on Letter” (FI 52361). Most standard documents that are legal size by default include this field,…
Previously, we announced the passage of “The Taxpayer First Act”, its amendment to 26 U.S.C.A. § 6103(c), and indicated that MISMO® was in the process of creating a form which could be used for the following new provision:
“….
As previously announced, the Washington Department of Financial Institutions have finalized amendments to their regulations and have published a new version of their model “Rate Lock Agreement” (available at: https://dfi.wa.gov/rulemaking/consumer-loan-act-rulemaking).
Following our policy of duplicating forms published by Government authorities for disclosure requirements,…
Ill. Admin. Code tit. 38, § 1050.810 requires the following:
“Payment instructions shall be issued in time to reasonably assure receipt by the customer at least 15 days before the first payment is due and shall include, but not be limited to the following:
a) The name,…
A second set of global standard value mappings have been added to “Rescindable Loan” (Field 42761).
“Rescindable Loan” will continue to be set to “Yes” by default when all of the following conditions are true:
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The document coding logic that triggered the reference “See AP Table on page [2][4] for details” in the Monthly Principal & Interest row of the Loan Terms table of the LE and CD was separate from the logic triggering the Adjustable Payment (AP) Table itself….
Cx15312 is a duplicate of the Model B-3/H-3 Form provided by the Federal Trade Commission, Federal Reserve Board, and Consumer Financial Protection Bureau pursuant to the provisions of 15 USCA § 1681m(h) and 12 CFR §§ 222.74(d)(1), 1022.74(d)(1), and 16 CFR § 640.5(d)(1)….
Pursuant to a compliance review, we are updating the mappings for two fields that are associated with community property states. The first, “Property is in Community Property State” (Field 131699), is used to trigger a corresponding checkbox on the redesigned FNMA 1003 labeled: “The property is in a community property state.” The existing global field value mapping on “Property is in Community Property State”…
When applying for certain exceptions in the District of Columbia, D.C. Mun. Regs. § 9-335 requires the use of model form “ROD 1 – Real Property Recordation and Transfer Tax Form FP 7-C”, which has recently been updated by the DC Office of Tax and Revenue,…
