As we have written here many times, more and more states continue to pass laws that support electronic notarizations that the industry now relies on to perform electronic loan closings. Learn More
An item of personal property which is movable, as opposed to real property (land and attachments). A chattel mortgage refers to a loan secured by movable personal property, such as a mobile home which is not permanently affixed to land. A cooperative is also chattel property as an owner receives shares in a corporation and not ownership of real property.
On June 12, 2019, Fannie Mae and Freddie Mac (GSEs) announced, at the direction of the Federal Housing Finance Agency (FHFA), that the optional... Read More
The Mortgage Bankers Association (MBA) has created a sample disclosure for lenders to share with consumers applying for an adjustable-rate mortgage.Read More
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
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