As previously announced, on May 5, 2022, Acting Commissioner of Financial Regulation David F. Provost signed an Order In Re: High Rate Mortgage Loan Disclosure which temporarily suspended until December 31, 2022 the disclosure requirements pursuant to Regulation B-98-2 (Vt….
As in previous years, 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….
Our standard HELOC Important Terms document (Cx21651) has a table that shows how the Annual Percentage Rate and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years….
Docutech’s fulfillment center has traditionally been open for processing and mailing packages every day except Sundays and Docutech holidays, or legally designated/observed holidays if the Docutech holiday falls on a Saturday or Sunday. The list of Docutech holidays is as follows:
To accommodate accelerated closing timelines,…
As announced earlier, FNMA and FHLMC have published revised uniform instruments that must be utilized for loans delivered to the GSEs with note dates on or after January 1, 2023. Although the documents released were allowed to be used immediately upon publication,…
As previously announced, California Senate Bill No. 633 amends requirements for consumer credit contracts, particularly those regarding the Notice to Cosigner. These amendments are effective January 1, 2023.
Per an introductory paragraph of Senate Bill No….
On December 16, 2022, the CFPB published a notice in the Federal Register (87 FR 77078) that they’ve updated the consumer publication “What You Should Know about Home Equity Lines of Credit,” also known as the HELOC booklet….
For those circumstances where the borrower or non-borrowing party have an individual with power of attorney signing for them, we are updating our Signature/Name Affidavits (Cx865 & Cx7965) to provide additional clarity around which party the person with power of attorney is signing for,…
Form HUD-92561 Borrower’s Contract with Respect to Hotel and Transient Use of Property, in which a borrower agrees with HUD to not use the property, for hotel or transient use purposes, is required under 24 C.F.R. § 203.16, FHA Single Family Handbook 4000.1 Pt….
Cx14217, Nonsupervised Lender’s Nomination and Recommendation of Credit Underwriter is a direct copy of VA Form 26-8736a. The VA has updated the form, so we have updated Cx14217 to match the updates made by the VA.
The changes include:
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