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September 2021 Edition

 
 

HUD and FHFA Announce Collaboration Regarding Fair Housing and Fair Lending Enforcement

The U.S. Department of Housing and Urban Development ("HUD") and the Federal Housing Finance Agency ("FHFA") (collectively, the "Agencies") recently entered into a collaborative agreement regarding the enforcement of housing and fair lending requirements.  Learn More

 
 
 
 

Compliance Term of the Month

Authoritative Copy

The unique, identifiable, and unalterable copy of an eNote that is within the exclusive control of the note holder in the note holder registry.

 
 

Form Updates

LIBOR is Expiring: New SOFR-based Loan Products

As previously discussed in several articles, the London Interbank Offered Rate ("LIBOR") is set to no longer be published at the end of 2021.  Read More

 

Complimentary

DocMagic Update to Selection of eNotes in Virginia

Fannie Mae instructions for Virginia uniform notes provide for a notary certification to be added to the end of the note as optional language.  Read More

 

Complimentary

OCC Updates Agency Address for ECOA Notice

On August 5, 2021, the Office of the Comptroller of the Currency ("OCC") issued Bulletin 2021-35 to provide updated names and addresses that are required to appear on notices...Read More

 

Complimentary

New/Revised Documents - August 2021

In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents. Read More

 

Complimentary

 

Upcoming Event

DocMagic at ACUMA's Annual Conference: Live Wire 25!

 
 
 

System Updates

 
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SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.