FNMA has just announced the following changes to FNMA 2019 Selling Guide B1-1-01:
“In December 2018, we updated the Uniform Underwriting and Transmittal Summary (Form 1008) and at the time we communicated an effective date of July 1,…
On April 1, 2019 Gov. Roy Cooper (D) signed into law NC SB 162 (2019), which amends the late fee restrictions promulgated under N.C. Gen. Stat. Ann. § 24-10.1. While some of the restrictions remain the same (e.g.…
Over the course of several bulletins and an email update, FHLMC announced various revisions to their rental income requirements (see FHLMC Bulletins 2019-4, 2018-13, & 2017-12; see also http://www.freddiemac.com/singlefamily/news/2018/0110_rental_income_and_rescission_principles.html).
Among these various changes was an update to FHLMC Form 91 (“Income Calculations”;…
According to 8 VSA §2220, the Vermont Department of Financial Regulation is vested with the authority to regulate real estate mortgage loan commitment letters. Section 5 of Vermont Reg. B-2018-02 requires that “All commitment letters, except as provided in subsections 5(A),…
On March 26, 2019 Gov. Gary Herbert (R) signed into law UT HB 247 (2019) which repeals the following “RESPA Caption” requirement promulgated under Utah Code Ann. § 17-21-18.5(4)(a) & (b):
“(a) For recording a document that is subject to and complies with the Real Estate Settlement and Procedure Act,…
In FHA INFO # 19-09, HUD announced that FHA had “published an update to its Single Family Housing Policy Handbook 4000.1 (SF Handbook), the first update since December 2016.” The updates contain “technical changes for consistency and clarity,…
Cx2283 is a duplicate of form HUD-92564-CN, which is provided pursuant to the requirements of FHA Single Family Handbook 4000.1 II.A.1.a.ii(A)(4), II.A.8.a.xiv(B)(3), & A.9.k.ii.
Pursuant to our recurring audits of FHA forms, we will be updating Cx2283 to more closely match the model,…
On March 25, 2019 Gov. Matt Bevin (R) signed into law KY SB 114 (2019), which adds new sections governing notarial acts (including notarial certificates) under Chapter 423 of Kentucky’s Revised Statutes.
While the current “Statutory Short Forms of Acknowledgment” are promulgated in Ky….
Cx5533 is a duplicate of VA Form 26-6393, which is required under VA Lender’s Handbook, ch. 1, 6-a and ch. 4 (and is used to comply with the provisions of 38 C.F.R. § 36.4340[f][8] & [12]).
Upon a review of Revised Chapter 4 of the “VA Lender’s Handbook” (see Change 25 at https://www.benefits.va.gov/warms/pam26_7.asp),…
As previously announced, FNMA is “retiring all legal documents specific to the use of COFI from [its] website” (FNMA Ann. SEL-2019-01). Subsequent to this announcement, FHLMC also announced their retirement of certain shared uniform instruments which use the COFI (see FHLMC Bulletin 2019-5)….
