• Sign In
  • Request Demo
Docutech

Compliance

Recent Articles

Search IconA magnifying glass icon.
  • Home
  • Document Updates
  • News
    • Recent Articles
    • Compliance Blog
  • TRID Center
  • URLA Resource Center
  • Matrices
  • Compliance Resources
  • Blog
05.16.11

HUD Removes 1% Origination Fee Cap

On December 30, 2009 HUD published Mortgagee Letter 2009-53 which removes the 1% origination fee cap on FHA-insured loans.  This change was made to be consistent to changes to the way origination fees are disclosed on the new Good Faith Estimate required on January 1,…

Read More

05.16.11

ConformX – New Indiana Notice to Borrower (Cx14601)

A new Indiana Notice to Borrower/Prospective Borrower prescribed by the Homeowner Protection Unit of the Office of the Attorney General has been added to all Indiana Initial Disclosure packages.

Per Indiana HB 1176, the notice must be provided to all applicants after December 31,…

Read More

05.04.11

Massachusetts Counseling Disclosure

Massachusetts issued Regulatory Bulletin 1.3-104 clarifying recently enacted borrower counseling and opt-in requirements for subprime adjustable rate loans made to first-time homebuyers. The Bulletin sets the parameters for determining when an adjustable rate loan to a first-time homebuyer will be considered a subprime loan* and also requires lenders to obtain written certification of counseling prior to obtaining a homebuyer’s opt-in statement….

Read More

05.04.11

Home Valuation Code of Conduct

Effective Date is May 1, 2009 03/18/2009. Lenders must represent and warrant that appraisals conducted in connection with single-family mortgage loans delivered to Fannie Mae and Freddie Mac, other than government-insured and -guaranteed loans, with application dates on or after May 1,…

Read More

05.04.11

Proposed Changes to Truth in Lending Act (HOEPA Regulation Z)

On December 18, 2007 the Federal Reserve Board announced in a Press Release, that proposed changes to Regulation Z were open for comment.  “Our goal is to promote responsible mortgage lending for the benefit of individual consumers and the economy,”…

Read More

05.03.11

District of Columbia Requires Additional Disclosure for “Non-Conventional Mortgage Loans”

A new disclosure requirement became effective February 28, 2008. Bill 167 – Mortgage Disclosure Amendment Act of 2007 – requires lenders licensed under the Mortgage Lender and Broker Act to provide an additional disclosure to borrowers applying for “non-conventional mortgage loans.”…

Read More

05.03.11

Conforming Loan Limits Increased

February 13, 2008

This afternoon, in a rare display of bipartisanship, President Bush signed landmark legislation enacting a $168 billion economic stimulus package. As previously reported, the measures enacted today included increases in GSE and FHA loan limits….

Read More

05.03.11

Countrywide Interest Credit Clarification

We have recently received several inquires about how ConformX deals with interest credits for Countrywide loans. In an announcement published on August 8, 2006, Countrywide iterated that interest credits may not be used to reduce finance charges, as they should be credits toward the first payment….

Read More

05.02.11

Change to Maine Net Tangible Benefit Disclosure

On January 17, 2008 the Maine Department of Professional and Financial Regulation released Joint Advisory Ruling #114 to clarify disclosure requirements promulgated under the “Act to Protect Maine Homeowners from Predatory Lending.”  A copy of the ruling can be found at this link.…

Read More

05.02.11

New Massachusetts Regulations Take Effect

On January 2, 2008 new mortgage lending reguations (940 CMR 8.00 et. seq.) became effective in Massachusetts.  The revised section 8.05 removes the previous disclosure requirements for the MA Mortgage Lender Disclousure and the MA Mortgage Broker Disclosure. …

Read More

05.02.11

Maine Requires Net Tangible Benefit Form

Maine adopted a new rule requiring lenders to provide a “Reasonable, Tangible Net Benefit Disclosure Form” at or before closing.  This new form is required to be given for all loans made after December 31, 2007.  DocuTech has created the ME Reasonable Tangible Net Benefit Disclosure Form to meet this requirement and it will print in all Maine Initial Disclosure packages. …

Read More

05.01.11

Colorado Emergency Prepayment Penalty Rule

The Colorado Division of Real Estate has issued Emergency Rule 4CCR 725-3 restricing the use of prepayment penalties.  The new rule prohibits prepayment penalties that extend past the adjustment date of any teaser rate, payment rate or interest rate included in a mortgage loan. …

Read More

05.01.11

MERS Requires Street Address on New York Documents

MERS released Policy Bulletin Number 2007-2 announcing that effective immediately, all MERS documents for New York must contain the street address of MERS.  DocuTech has added the required address to the MERS version of our New York mortgages and New York assignments to fill this requirement….

Read More

05.01.11

Fred Gooch Featured in National Mortgage Professional

Fighting Predatory Lending With Automation

New lending regulations fall under two umbrellas—clarifying what constitutes a higher priced, high-cost or predatory loan and reforming the rules to disclose the costs of a mortgage. To avoid penalties for inadvertently funding a high-cost loan or messing up a disclosure,…

Read More

Newer 1 … 9

Subscribe to compliance updates from Docutech

  • Docutech
  • 1795 International Way
    Idaho Falls, ID 83402
  • Idaho Mailing Address
  • P.O. Box 1835
  • Idaho Falls, ID 83403-1835
  • FIRST AMERICAN
  • Corporate Website
  • Corporate News
    About
  • Blog
  • Careers
  • Company
  • Partners
  • Services
  • Privacy Policy
  • Terms and Conditions
    Solutions
  • ConformX
  • Solex
  • Collaboration Portal
  • Income Verification
  • Regulatory Compliance
  • Print Fulfillment
  • Client Services
Toll Free 800.497.3584
Office 208.715.3186
Support support@docutech.com
  • Twitter
  • Facebook
  • LinkedIn

Docutech, LLC and its affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, Docutech, Conformx, and Solex are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.
© 2023 First American Financial Corporation and/or its affiliates. All rights reserved.