Our California Consumer Caution and Home Ownership Counseling Notice (Cx2797) is given pursuant to Cal. Fin. Code §4973(k) which requires a “Consumer Caution and home ownership counseling notice” to be given to covered loans. California Assembly Bill number 3108 was passed September 24,…
Texas has updated its document requirements for various disclosures to require at least 12 point font starting January 1, 2025. See 7 TAC § 55.3, 7 TAC § 56.3, 7 TAC § 57.3, 7 TAC § 58.3 and 7 TAC § 59.3….
Global standard value field mappings are used within ConformX to set State Funding Type (FI 23043) as either a “Wet” or “Dry” funding state. Essentially, a “Wet” funding state is one that allows a loan to be funded on the same day the closing documents are signed,…
To improve functionality of the e-sign process, we have added the option to make the borrower initials fields compatible with e-sign on Cx5100 NY Pre-Application Disclosure for Licensed Bankers, Cx3710 Prevailing Interest Rate Commitment, Cx3588 NY Interest Rate Lock Commitment,…
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….
Tex. Prop. Code Ann. § 41.0021 allows the homestead exemption for certain types of trusts, namely inter vivos revocable trusts. The statute grants the homestead exemption when a settlor or beneficiary occupies and uses a property…and in which the settlor or beneficiary own a beneficial interest through a qualifying trust. …
Form HUD-92800.5B is provided pursuant to 24 CFR § 203.5(a) and FHA Single Family Handbook 4000.1 Pt. II, A.1.a.i(E)(2), A.3.c, A.4.e.i(B), A.5.d.x(B)(2), A.6.a.iv, A.7.b.xx, & A.8.i. We have made a minor field adjustment to the Specific Commitment Conditions section. We are switching the “See the following additional conditions…”…
Fannie Mae recently announced:
The instructions for all security instruments (excluding Puerto Rico) have been updated. This update only revised the “Limited Purpose Execution” Authorized Change language. This Authorized Change remains optional for use.
The Fannie Mae “Limited Purpose Execution”…
Pursuant to our monthly audit of federal agency forms, we have updated (Cx23) – 4506 Request for Copy of Tax Form.
Included in the (Cx23) updates are:
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The Section 184 Indian Housing Loan Guarantee Program and Section 184A Native Hawaiian Housing Loan Guarantee Program documents are available through ConformX. An FHA loan program should be used for Section 184/184A loans to ensure the proper documents print, including a 4% late charge….
