Stay ahead with trusted industry insights and compliance 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
Document Retirements: FHLMC Convertible ARM Notes and Riders
Mar 17, 2020
The Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”) retired their convertible ARM loan documents quite some time ago. These ...
Topics: Document Updates
Document Update: Escrow Waiver Fee on Closing Disclosure (Cx18566)
Mar 17, 2020
TRID requires “the amount of any fee the creditor imposes on the consumer for not establishing an escrow account in connection with the transaction” ...
Topics: Document Updates
Document Updates: Nevada Division of Mortgage Lending Model Forms (Cx12913, Cx13030, & Cx14279)
Mar 17, 2020
The Nevada Division of Mortgage Lending publishes model/official forms which can (or are required to) be used to comply with certain disclosure laws. ...
Topics: Document Updates
Document Updates: Texas Conditional Pre-Qualification Letters and Conditional Approval Letters (Cx16682, Cx16683, Cx16684, & Cx16685)
Mar 9, 2020
Final amendments to 7 Tex. Admin. Code Pt. 80 & 81 were made this past November (with an effective date of May 1, 2020). Among these amendments ...
Topics: Document Updates
Document Updates: Greene County, PA Recordable Documents
Mar 5, 2020
It has come to our attention that the Office of Recorder of Deeds for Greene County, Pennsylvania will only accept documents which have a font size ...
Topics: Document Updates
New Data Integrity Check: Warning for LIBOR-Based ARMs Originated on or After October 1, 2020
Mar 4, 2020
The GSEs have announced that they will not purchase an ARM, with an application date on or after October 1, 2020, which uses LIBOR as its index.
Topics: Document Updates
Document Updates: IRS Form 8821 Tax Information Authorization (Cx801) and HUD Form For Your Protection Get a Home Inspection (Cx2283)
Mar 3, 2020
Pursuant to our monthly audit of GSE and Federal Agency forms, we will be making the following changes to Cx801 and Cx2283:
Topics: Document Updates
Document Updates: ARM Disclosure – Investor (Cx13457) and ARM Disclosure – Lender (Cx14089)
Feb 28, 2020
These two documents are provided pursuant to 12 C.F.R. § 1026.19(b)(2), Clause (ii) of which requires a creditor to disclose “the index or formula ...
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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