If dates are not imported or entered into ConformX for the “Year or period requested” section of IRS Form 4506-T “Request for Transcript of Tax Return” and IRS Form 4506 “Request for Copy of Tax Return,” the first two dates are defaulted to the last two years of tax returns….
Pursuant to our yearly audit of state-specific disclosures, we will be making the following changes to the following documents:
New Document – VA Credit Insurance Disclosure (Cx18552)
This document is being provided pursuant to the provisions of Va….
Pursuant to our yearly audit of state disclosures, we will be making the following changes to the following documents which print in document packages for loans secured by property located in Wisconsin:
WI Mortgage Second (Cx515) and Fixed Rate Note Wisconsin Second (Cx1080)
Wis….
This document is provided pursuant to 13 different state laws which generally allow for the collection of advanced fees (i.e. fees paid before closing), if an agreement or disclosure is provided specifying such fees and whether they are refundable or not (and if refundable,…
This addendum contains two disclosures. The first is provided pursuant to the provisions of Cal. Civ. Code § 1812.30(j) informing applicants that if they are married they may apply for separate accounts. This provision applies to all mortgage entities in California….
Currently on our standard closing instructions, when “Loan Type” (Field 1066) equals “RD,” the acronym “FmHA” (referring to the Farmers Home Administration) is appearing in the “Loan Type” section of the document.
In order to be more consistent with the loan types disclosed on other documents (particularly the HUD-1),…
The data integrity check described in “New Data Integrity Check: US Bank Initial Disclosures Empty Homeownership Organizations Warning” has been removed from ConformX.
Per Bulletin 2014-25, US Bank has extended their deadline to provide the version of the homeownership counseling disclosure (Cx17874) that lists the actual counseling agency information indefinitely. …
17 Del. Reg. Regs. 994 (April 1, 2014) repeals many of the sections found in Chapters 21 and 22 of Title 5 of Delaware’s regulations, and re-enacts them with substantive changes. Due to these, we will be making the following revisions to several of our Delaware documents:
…
Cx899 is provided pursuant to the provisions of FHA MLs 97-26 & 91-9 and is a duplicate of the form attached to the latter letter. The purpose of the form is “to put settlement agents on notice of borrower obligations regarding downpayment requirements” and to inform settlement agents “that,…
12 CFR § 1024.20 requires the lender or mortgage broker to provide the loan applicant a list of homeownership counseling organizations located closest to the applicant within three business days after receipt of application. List of Homeownership Counseling Organizations (Cx17874) was created in ConformX to fill this requirement….
We currently have two versions of the New Jersey-version of the multi-state document Cx2783. One version, for lenders, is provided pursuant to the provisions of N.J. Admin. Code § 3:1-16.3(a), which requires certain disclosures when an advanced fee is being charged….
Several sections of Chapter 13-05-01 of North Dakota’s Administrative Code set forth requirements for the content of a money broker contract, as well as certain disclosures which must be provided. We have been providing Cx1904 for the contract requirements found in Sections 2,…
This document is provided pursuant to the provisions of Va. Code Ann. §§ 38.2-233(B) & 38.2-513.1(A)(9) & (D), which basically contains so-called “anti-coercion” disclosures which inform the borrower that they are free to select an insurance agent of their choice,…
In regards to riders to security instruments secured by a borrower’s interest in a leasehold estate, FNMA 2013 Selling Guide B8-4-01 requires the following:
“A rider that includes a cross-default provision. Must be used to amend security instruments for mortgages secured by leasehold estates so that default on the lease is a default on the mortgage….
Md. Code Ann., Tax-Prop. § 12-108(g) exempts from a recordation tax certain refinance security instruments “to the extent that it secures the refinancing of an amount not greater than the unpaid principal amount secured by an existing [instrument] at the time of refinancing ….
As posted in the Fannie Mae Selling/Servicing Notice dated March 12, 2014, the Federal Reserve Board CD Index has been discontinued. Effective immediately, standard ARM Plans 1030 and 1031 are retired and Fannie Mae will no longer accept delivery of mortgage loans originated under either of those plan numbers. …
Conn. Gen. Stat. Ann. § 36a-498(a) requires any advance fees paid to a lender, broker, or correspondent lender to be refundable – unless an agreement, made pursuant to Subsections (c) and (d) of said Section is entered into. We provide Cx3751 for these Subsections,…
Cx14650 is provided pursuant to the provisions of N.Y. Comp. Codes R. & Regs. tit. 3, § 38.13(d), for registered mortgage brokers who are approved FHA mortgage loan correspondents. This document is currently configured to print in all New York Initial Disclosure packages for loans insured by FHA….
Cx8179 Request for Verification of Employment is used by financial institutions and intermediaries to ascertain a prospective borrower’s ability to sustain a mortgage loan. Due to client feedback, we have slightly adjusted the layout of the document to allow for more room for data entry….
7 CFR § 1980.321(b) places the following restrictions on the term of Rural Housing loans:
“The term for final maturity shall be not less than 30 years from the date of the note and not more than 30 years form the date of the first scheduled payment.”
Currently,…
