Fannie Mae and Freddie Mac (GSE’s) have announced an updated implementation timeline for the re-revised Uniform Residential Loan Application (URLA) and a mandatory use date of November 1, 2020. The ...
Last week, the CFPB published a request for information to reassess the integrated mortgage disclosures under the Real Estate Settlement Procedures Act and the Truth in Lending Act. The focus ...
Fannie Mae and Freddie Mac (GSE’s) announced on Wednesday October 23rd, that they published a static version of the redesigned revised Uniform Residential Loan Application, and expect to release a ...
On October 10 2019, the CFPB announced a final rule extending the current temporary threshold for collecting and report data related to open-end lines of credit, and incorporating the clarifications ...
On August 20, 2019, the United States Department of Agriculture Office of Rural Development (USDA/RD) sent an email with the subject “USDA Final Rule – Single Close Construction, Elimination of ...
On August 8, 2019, the FHFA, Fannie Mae, and Freddie Mac (GSE’s) announced that the mandate requiring use of the revised URLA by February 1, 2020 has been abandoned. While ...
On May 31, 2019, the CFPB issued its first set of frequently asked questions (“FAQs”) related to applicability of the TILA-RESPA Integrated Disclosures (TRID) to construction loans. The FAQs generally ...
Fannie Mae and Freddie Mac have recently announced changes to their adjustable rate mortgage (ARM) loan policies due to the expected discontinuance of the London Interbank Offered Rate (LIBOR) index ...
The IRS recently revised Form 4506 Request for Copy of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...
The IRS recently revised Form 4506-T Request for Transcript of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...