Stay ahead with trusted industry insights and compliance updates.
Compliance News: New Disclosure Requirement for Texas “Wrap” Mortgages
May 5, 2021
Yesterday, Gov. Greg Abbott (R) signed into law TX SB 43 (2020), which is, in part, “an act relating to residential mortgage loans, including the ...
Topics: In the News, Compliance News Alert
Compliance News: FHLMC Again Revises POA Requirements
May 5, 2021
In Bulletin 2021-16, FHLMC announced that they will be limiting the scope of the pre-close borrower discussions required under FHLMC Single-Family ...
Topics: In the News, Compliance News Alert
Document Updates: Gift Letter Language (Cx17342)
May 4, 2021
Most loan programs allow for gifts to be given to the borrower to help alleviate costs associated with the loan. A gift letter describing the gift ...
Topics: Document Updates
Clear as Mud: Fees Disclosed on the Loan Estimate
Apr 30, 2021
By: Timothy A. Raty; Sr. Regulatory Compliance Specialist
Topics: Recent Articles
Arena of Ambiguity: Aggregate Escrow Account Analysis and Rounding
Apr 30, 2021
By: Timothy A. Raty; Sr. Regulatory Compliance Specialist
Topics: Recent Articles
Document Configuration Changes: Various Texas Home Equity Loan Documents (Cx3640, Cx3653, Cx4549, & Cx5008)
Apr 28, 2021
In 2017, the citizens of the former Republic of Texas approved an amendment to Tex. Const. art. 16, § 50(f) to permit a Texas home equity loan (aka a ...
Topics: Document Updates
Compliance News: FNMA Modifies Authorized Changes to Form 3047
Apr 28, 2021
In an email sent this morning (Subject: CU Update, Quality Insider, Remote Work Lender Survey, and More), FNMA announced the following:
Topics: In the News, Compliance News Alert
Compliance News: Kansas Enacts Revised Uniform Law on Notarial Acts
Apr 27, 2021
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. §§ ...
Topics: In the News, Compliance News Alert
Document Updates: 4506-T/4506-C (Copy of Tax Form) (Cx3095 and Cx17841)
Apr 20, 2021
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 ...
Topics: Document Updates
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.
Matrices
Access our compliance matrices.
- Cooperative Matrix
- State Disclosure Matrix
- Federal Disclosure Matrix
- FHA Disclosure Matrix
- FNMA-FHLMC Matrix
- Foreign Language Disclosure Matrix
- Late Fee Matrix
- Late Fee ConformX® Matrix
- Net Tangible Benefit Matrix
- Notary Form Acknowledgement
- Prepayment Penalty Matrix
- Recordable Instruments Matrix
- USDA Matrix
- VA Matrix
TRID Center
Expand your knowledge and understanding of TRID 1.0 and 2.0 with these TRID resources.
- TRID 2.0 Updates: Closing Disclosure (Cx18566) and Spanish Closing Disclosure (Cx18991) – Principal Reduction Verbiage
- DI Check Update: Warnings and Errors for Second Lien Loans Exempt from TRID
- Global Mapping Updates: Field “Integrated Disclosure Loan Indicator” and Second Liens Exempt from TRID
- TRID 2.0 Updates: Closing Disclosure (Cx18566) and Spanish Closing Disclosure (Cx18991) Changing Prepaid Interest From 0 to 0.00.
- TRID 2.0 Updates: Post-Consummation Construction Fees
- TRID 2.0 Updates: Prepaid Interest, Payoffs and Payments, and Monthly Escrow Payment Changes
- TRID 2.0 Document Updates: Loan Estimate (Cx18565) and Spanish Loan Estimate (Cx18990) – Closing Costs Expiration Changes
- System Doc Updates: Promissory Notes, Integrated Disclosures, and Land Trusts
- Document Updates: DC Lock-In Agreement (Cx10455)
- TRID 2.0 and Construction Loans
- TRID 2.0 Change: Excluding NPEs from “Borrower” on the Closing Disclosure
- Document Updates: Loan Estimate (Cx18565) and Closing Disclosure (Cx18566) for Construction-to-Permanent
- TRID 2.0 – What Differs from the Proposed Version
URLA Resources
View helpful URLA Compliance resource articles and blog posts.
- URLA Resource Center
- Redesigned Uniform Residential Loan Application
- Compliance News: New URLA Implementation Timeline
- Recent Changes: Know Before You Owe Proposal and New Uniform Residential Loan Application
- 1003 Demographic Information Addendum
- URLA and Data Collection Model Form Updates
- Updates to New FNMA Form 1003
- New Field Mapping and Configuration Update: Print 1003 Demographic Information Addendum
- ULI on FNMA Form 1003 and Demographic Information Addendum
- FHFA Launches Language Translation Disclosure
- FHFA Outlines Plans for Language Access Support
- Notice to Borrowers about Language (Cx22719)
- 2009 and 2018 versions of FNMA Form 1008/FHLMC Form 1077
- Updated FNMA Form 1008
- FNMA Form 1008 Changes and Updated Second Home Rider
- FNMA Indefinitely Postpones Form 1008 Mandatory Effective Date
- Compliance News: Updated FNMA Form 1008
- FNMA Form 1008 Usage Change and Relaxed Late Charge Requirements
- Fannie Mae Selling Guide Announcement
- 1008 Uniform Underwriting and Transmittal Summary – 12/2018
- Global Mapping and Document Changes: Redesigned URLA and UUTS
- Document Updates
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