HUD Proposes Rule to Allow Use of Private Flood Insurance Policies with FHA Loans
The U.S. Department of Housing and Urban Development (HUD) recently announced a proposed rule to allow the option for private flood insurance on Federal Housing Administration (FHA) insured properties... Learn More
On November 18, 2020, the CFPB, together with the Comptroller of the Currency, and Federal Reserve Board, announced that there will be no change to the annual threshold amount... Read More
The Federal Housing Finance Agency (“FHFA”) has announced an increase in conforming loan limits for the fifth consecutive year. These maximum loan limits will apply to single-family conventional loans...Read More
The Pennsylvania Department of Banking and Securities recently published the annual adjustment to the definition of "base figure" as required by section 101 of the Pennsylvania Loan Interest and Protection Law. Read More
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Compliance Term of the Month
Remote Ink-Signed Notarization (RIN)
Notarization conducted remotely through use of audio/visual communication with an ink (wet) signature and paper documents that are returned to the notary (via fax, electronically, or mail) to complete and place his/her seal.
As previously announced, Fannie Mae and Freddie Mac (the "GSEs") jointly published sample Spanish translation aids for each component of the redesigned Uniform Residential Loan Application... Read More
DocMagic is making an update to the signature lines used for trustees on the security instrument and related documents for loans made to a revocable trust on property otherwise identified as homestead property in Florida. 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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Hindsight Is 2020 - A Focus on eMortgage Technology and How it Was Tested
A lookback at how the most unprecedented times in modern history pushed eMortgage technologies to the forefront of the mortgage industry and how they not only survived but thrived.
