On February 18, 2021 Gov. Eric Holcomb (R) signed into law IN HB 1056 (2021), which amends Ind. Code Ann. § 32-21-2-3 so that it only requires either an acknowledgement or a proof in order for an instrument to be recorded (instead of both),…
Today, FNMA announced new Automated Underwriting System (“AUS”) messages impacting both the legacy and redesigned Uniform Residential Loan Application (“URLA”), essentially stating that loans started in the legacy format prior to March 1, but not submitted by then,…
On January 21, 2021 the U.S. Department of Agriculture (“USDA”) announced that they were posting advanced copies of revisions to RD HB-1-3555, as well as to Form RD 3555-21, on their website for a 30-day comment period (see https://content.govdelivery.com/bulletins/gd/USDARD-2ba4cb7?wgt_ref=USDARD_WIDGET_1)….
Recently, Gov. Mark Gordon (R) signed into law WY S.F. 0029 (2021), which repeals the Wyoming Uniform Law on Notarial Acts (Wyo. Stat. Ann. §§ 34-26-101 through 34-26-304) and replaces it with a new Revised Uniform Law on Notarial Acts (Ibid.…
The following changes are being made to the redesigned FNMA Form 1003 / FHLMC Form 65 (our Cx20667) following further testing that has been done during the FNMA/FHLMC Limited Production Period:
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As we alluded to in a previous post, there have been some questions surrounding the notary block for Indiana security instruments ever since Ind. Code Ann. § 32-21-2-3(a)(1) was amended. After some feedback, in order to more closely match the model forms published by the Indiana Secretary of State (found beginning on page 53 of the Indiana Notary Public Guide at https://inbiz.in.gov/Assets/NotaryGuide.pdf),…
Pursuant to our monthly audit of Federal Agency forms, we will be making the following changes to the following forms:
Important Notice to Homebuyers (Cx40; form HUD-92900-B). All of the following changes will be made to the non-FHA Section 184 (Indian Home Loan Guarantee Program) version of the form:
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As part of our review of State-specific documents to support new “simultaneous broker document” packages, we will be making changes to certain State-specific copies of our Anti-Coercion Insurance Disclosures (Cx2778 & Cx2788), to conform the language of the forms closer to that of State law,…
Freddie Mac has made the following announcements in Bulletin 2021-4:
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As previously announced, the Instructions to FNMA Form 3037 have been modified to permit the first sentence of Section 16 of Form 3037 to be replaced by a sentence which specifically states that the security instrument shall be governed by the laws of the State of Oklahoma,…
