Stay ahead with trusted industry insights and compliance updates.
New Document: Explanation of Loan Terms (POA) (Cx23852)
Apr 9, 2020
FNMA and FHLMC have issued temporary amendments to their rules regarding the use of a power of attorney (“POA”) in certain transactions; in ...
Topics: Document Updates
New Document: Borrower’s Declaration (Cx23858)
Apr 8, 2020
Due to the COVID-19 pandemic, the GSEs and Federal Agencies have implemented temporary changes to their rules regarding the verification (and ...
Topics: Document Updates
Compliance News: FHLMC Releases New SOFR ARM Notes and ARM Riders
Apr 1, 2020
Today, FHLMC published Bulletin 2020-9, which announces FHLMC’s “eligibility, underwriting and delivery requirements for SOFR-indexed ARMs [and] the ...
Topics: In the News, Compliance News Alert
Compliance News: FNMA, COVID-19, POAs, & RON
Mar 31, 2020
Today, FNMA released an updated version of Lender Letter 2020-03, providing clarification and special rules for the handling of certain mortgage ...
Topics: In the News, Compliance News Alert
Compliance News: Idaho Repeals Mortgage Company Act
Mar 29, 2020
On March 11, 2020 Gov. Brad Little (R) signed into law ID HB 401 (2020) which amends several sections of Idaho’s Code governing mortgage companies – ...
Topics: In the News, Compliance News Alert
Financial Services – An Essential Critical Infrastructure Workforce
Mar 27, 2020
By: Timothy A. Raty, Sr. Regulatory Compliance Specialist Date: March 26, 2020
Topics: Recent Articles, In the News
New Document: MA Deferment of Smoke and Carbon Monoxide Detector Installations (Cx23809)
Mar 25, 2020
On March 20, 2020 the Massachusetts Department of Fire Services released a memorandum temporarily permitting the inspections of smoke detectors and ...
Topics: Document Updates
Document Updates: Generic Military Lending Act Disclosures
Mar 20, 2020
Pursuant to 32 CFR § 232.6(a), the Military Lending Act (MLA) requires that “[w]ith respect to any extension of consumer credit…to a covered ...
Topics: Document Updates
Document Updates: Adding “Fallback” Language to Standard ARM Notes and ARM Riders
Mar 18, 2020
As previously announced (see here and here), FNMA and FHLMC have adopted the “fallback” language proposed by the Alternative Reference Rates ...
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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