In an issuance dated February 20, 2019, The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the ...
Effective April 1, 2019, the Small Business Administration (SBA) will mandate compliance with the newly updated Standard Operating Procedures 50 10 5 (K) ("SOP"), Lender and Development Company Loan Programs. ...
A new publication was issued by the Veterans Benefits Administration on February 14, 2019 related to the new guaranteed cash-out home loan refinancing rules which became effective on February 15, ...
The Consumer Financial Protection Bureau (“CFPB”) published its Semi-Annual Report to Congress for the period ending September 30, 2018. This is the first Semi-Annual Report published by the new CFPB ...
On February 12, 2019, a joint release was issued by several federal regulatory agencies requiring regulated institutions to accept private flood insurance in addition to National Flood Insurance Program policies. ...
In late January, the CFPB provided a document addressing a number of frequently asked questions (FAQ’s) generally pertaining to the issuance of corrected Closing Disclosures and whether use of model ...
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 ...