The CFPB has published a final procedural rule that addresses what constitutes official issuance of a CFPB final rule….
A recent blog post by Fred Gooch, general counsel and vice president of Compliance, was featured on NationalMortgageNews.com. It is the first of a series of monthly compliance-centered pieces that will be available for reading online throughout 2013….
Facing a plethora of proposed rules to simplify the loan origination process and marketplace heading into 2013, the Consumer Financial Protection Bureau (CFPB) launched Project Catalyst in November 2012 to foster consumer-friendly innovation in the marketplace, and to provide efficient,…
Or. Admin. R. 441-865-0060(1)(c) (2012) requires a mortgage banker or mortgage broker to maintain in their files either a written statement from a borrower acknowledging that the interest rate for their loan will float, or a copy of an executed lock agreement,…
This is a reminder that state-specific versions of Cx13441 will be configured to print in Initial Disclosure packages for all loans secured by property in Maine and Maryland, due to this year’s election results concerning same-sex marriage.
For details about this Addendum and the election results,…
An update to Department of Veterans Affairs Form 26-1820 (Cx52) was announced in VA Circular 26-12-9, dated November 9, 2012. In cases where a Veteran is unable to occupy the property because of his/her active duty status as a member of the Armed Forces,…
A “Non-Owner Occupancy Rider” is required in connection with a FHA security instrument in the rare circumstance when owner occupancy is not required by the FHA, due to a “hardship,” such as a seasonal employee being unable to find affordable housing near his temporary worksite (see FHA Single Family 4155.2 ch….
On November 6, President Barack Obama won his reelection bid over Governor Mitt Romney. While most economists point to the housing market as a key to the economic recovery, the presidential campaign was surprisingly quiet on how each candidate would address the industry’s challenges….
As a national provider of compliance and document software, DocuTech is often relied on by the media to explain to consumers how the mortgage industry works. This month, COO Scott K. Stucky participated in a panel of experts with NerdWallet.com,…
