News
USDA – Fiscal Year 2020 Conditional Commitment Notice
It's that time of year, USDA's fiscal year 2019 ends September 30, 2019 and the new fiscal year 2020 begins on October 1, 2019. USDA – ...
Texas Bill Clarifies eSigned Document Recording Rules
The recently passed Texas Senate Bill 2128 adds much needed clarity to recording requirements for electronically executed (eSigned) doc...
CFPB Requests Comment on Temporary QM Replacement
In a recently issued advance notice of proposed rulemaking, the CFPB requested comment from industry stakeholders related to the upcomi...
URLA February 1, 2020 Mandate Rescheduled; New Requirements Provided
At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the GSEs) announced in June 2019 that the op...
FHA Mortgagee Letter 19-11 Maximum Loan-To-Value and Combined Loan-To-Value Percentages for Cash-Out Refinance Mortgages
The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2019-11, “Maximum Loan-to-Value and Combined Loan-to-Value Per...
Texas Department of Insurance (TDI) Adopts Order for Rate and Rule Revisions for Title Insurance – Effective September 1, 2019
The Texas Commissioner of Insurance has issued an order adjusting the basic premium rate for title insurance and amending R-5, R-8 and ...
RESPA Section 8 Violations Emphasized in Recent FDIC Report
The FDIC recently published its 2018 Consumer Compliance Supervisory Highlights, detailing common violations of consumer protection law...
ALTA Policy Forms Update: Final Publications and Technical Corrections
The ALTA Board of Governors approved a recommendation to revise the ALTA Closing Protection Letters and adopt new Endorsements during a...
Fannie Mae LL-2018-06 – Impact of Federal Government Shutdown
Fannie Mae has issued Lender Letter LL-2018-06 to provide temporary guidance on selling and servicing policies that may be impacted by ...
FHA: Streamlining Warranty Requirements – Removal of 10-Year Protection Plan Requirements effective – 03/14/2019
Effective March 14, 2019, FHA will no longer require a 10-Year Warranty/Protection Plan on new construction properties.
This final rule...
