DocuTech’s Compliance Department is pleased to announce the publication of the newest edition of its disclosure matrix: “Disclosure Matrix 2012 – Short Form.” This Matrix lists:
* The ConformX name and number of each generic Federal- and State-specific disclosure DocuTech provides;…
DocuTech has recently made changes to our supported investor list. Please visit this link to see the changes Investor Information.
Thank you.
April 20, 2012…
Minn. Stat. Ann. §58.16(2)(a) requires a residential mortgage originator to enter into a written contract with each borrower from whom the originator either requires an advance fee or for whom the originator offers to act as an agent to help obtain a loan secured by a lien on real estate….
Bankers as Buyers is an annual report prepared by the William Mills Agency, along with the assistance of analysts and bankers nationwide, “to help financial institutions and those companies serving them validate their strategic IT direction, compare investments in technology by type or direct further research.”
Below are excerpts of the 2012 report concerning compliance and regulatory spending….
Materials recently released by the Consumer Financial Protection Bureau provide significant insight into its stance on the rules that will govern integrated mortgage disclosure. Issued in the context of Small Business Regulatory Enforcement Fairness Act (SBREFA) requirements,…
HUD published detailed changes to the FHA Single Family Annual Mortgage Insurance Premium (Annual MIP) and Up-Front Mortgage Insurance Premium (UFMIP) in Mortgagee Letter 2012-04.
The Temporary Payroll Tax Cut Continuation Act of 2011 requires FHA to increase the Annual MIP it collects by 0.10 percent….
Cx995 “MI Principal Residence Exemption (PRE) Affidavit” has been updated to reflect the latest version of State Form 2368. In addition, Cx997 “MI Request to Rescind Principal Residence Exemption (PRE)” has been updated to reflect the latest version of State Form 2602….
Cx2999 is required to be given by a mortgage banker (who is also a residential mortgage loan originator) to a residential mortgage loan applicant at the time of application, pursuant to Tex. Fin. Code §157.007 and 7 Tex. Admin. Code §81.7….
Kan. U.C.C. Stat. Ann. §16a-2-502 limits the amount of late charges that may be assessed in connection with a consumer credit transaction (which is subject to the provisions of Kansas’ Uniform Consumer Credit Code [UCCC]) to 5% of the unpaid amount of a delinquent installment,…
The provisions of the Kansas Uniform Consumer Credit Code (UCCC) apply to “consumer loans” which, in relevant part, are defined as debt secured by an interest in land. However, “consumer loans” do not include first mortgages, unless:
1….
