Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) have revised their Form 1008/1077 (rev. 12/18), the Uniform Underwriting and Transmittal Summary. This form summarizes the ...
On December 18, 2018, the VA released an interim final rule announcing new disclosure requirements for certain VA guaranteed/insured cash-out refinance transactions. While the VA provided that lenders are required ...
The IRS posted updated versions of Form 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.), Form 5498 (IRA Contribution Information), and updated instructions for these ...
The IRS posted updated Publication 590-A for Contributions to Individual Retirement Arrangements (IRAs). This publication provides guidance for taxpayers on IRA contributions to prepare their 2018 tax returns. Link to ...
On Monday, the Bureau of Consumer Financial Protection (“CFPB”) launched a beta version of its HMDA reporting platform. In order to use the platform, the institution must have a Legal ...
The Bureau of Consumer Financial Protection (CFPB) and the Federal Reserve Board have jointly proposed amendments to Regulation CC regarding funds availability. The amendment would implement statutory requirements to adjust ...
The IRS released Revenue Procedure 2018-58, which updates Revenue Procedure 2007-56, that provides for an updated list of time-sensitive acts that may be postponed for individuals affected by a federally ...
The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and the Office of the Comptroller of the Currency (the “Agencies”) announced an increase in the exemption threshold for ...
The Federal Reserve Board and the Bureau of Consumer Financial Protection (the “Agencies”) announced an increase in the thresholds applicable in determining if a consumer credit or consumer lease transaction ...
The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the “Agencies”) issued a notice of proposed rule ...