In an email sent this morning (Subject: CU Update, Quality Insider, Remote Work Lender Survey, and More), FNMA announced the following:
“We’ve updated the instructions to the Virginia Deed of Trust (Form 3047) to reflect a revised authorized change applicable to eligible refinance transactions.”
The revised Instructions to Form 3047 show that Authorized Change # 13 has been deleted,…
On April 21, 2021 Gov. Laura Kelly (D) signed into law KS SB 106 (2021), which repeals the Kansas Uniform Law on Notarial Acts (Kan. Stat. Ann. §§ 53-501 through 53-511) and replaces it with a new Revised Uniform Law on Notarial Acts….
Because IRS Form 4506-C may be completed and signed by someone acting as an attorney-in-fact for the borrower (see “General Instructions” to the form), we will be modifying the “Print/Type Name” section in the signature area of the form to print “power of attorney” (“POA”) names and related text for signatories who are attorneys-in-fact….
Per Okla. Stat. Ann. tit. 14A, § 1-106, the Oklahoma Department of Consumer Credit has adjusted certain dollar amounts listed in Oklahoma’s version of the Uniform Consumer Credit Code (Ibid. §§ 1-101 through 9-101), including the maximum amounts which can be charged for a late fee (Ibid.…
When TRID 1.0 took effect, 12 C.F.R. § 1026.38(g)(1) required the creditor to, within Section E of the CD, disclose “an itemization of each amount that is expected to be paid to State and local governments for taxes and government fees” (see 78 FR 80123 [2013])….
One of the loan terms agreed to within Cx14675 (which is provided pursuant to Tenn. Comp. R. & Regs. 0180-17-.01, .04, & .05) is indicated by two checkboxes, one of which indicates that private mortgage insurance (“PMI”) is required in connection with the loan and the other indicating that PMI is not required,…
If the ConformX fields used to populate the “Year or period requested.” sections of IRS Forms 4506-C “IVES Request for Transcript of Tax Return” and 4506 “Request for Copy of Tax Return” are not set, the first two dates default to the last day of the previous two calendar years….
Cx2792 is provided pursuant to the provisions of Wash. Rev. Code Ann. §§ 19.146.010(3) and 19.146.030(2)(c) & (3) and Wash. Admin. Code §§ 208-620-510(3) through (5), 208-620-555(3)(b)(iv), 208-660-006, and 208-660-430(3)(c) & (d). It is also a duplicate of the model “Interest Rate Lock Agreement” published by the Washington Department of Financial Institutions (see https://dfi.wa.gov/mortgage-brokers/forms or https://dfi.wa.gov/consumer-loan-companies/forms)….
The Secured Overnight Financing Rate (SOFR) has been steadily declining over the last few months. The 30-Day Average SOFR was 0.01067 as of April 8, 2021. The global required field prompt in ConformX for the current Index Rate (FI 16) has been modified to allow a value of 0.000% through in case the SOFR index decreases to that point. …
On April 5, 2021 Gov. Michelle Lujan Grisham (D) signed into law N.M. SB 12 (2021), which repeals the Notary Public Act (N.M. Stat. Ann. §§ 14-12A-1 et seq.) and Uniform Law on Notarial Acts (Ibid.…
