Kansas Amends Mortgage Business Act
March 31, 2016
Kansas passed a bill amending the Mortgage Business Act (MBA). The bill amends the MBA by: adding a definition for “mortgage servicer” and “mortgage servicing”;
Fannie Mae Issues Selling Guide Announcement SEL-2016-03
March 30, 2016
Fannie Mae issued Selling Guide Announcement SEL-2016-03 (Announcement). This Announcement: introduces the HomeStyle Energy mortgage loan (enabling the borrower to finance energy-efficient upgrades when purchasing
Do Your TRID Disclosures Have The Right Stuff?
March 24, 2016
As the industry wraps up the first six months of the Truth-in-Lending RESPA Integrated Disclosure (TRID) roll-out, TENA has spotlighted several key items that have
Colorado Repeals Disclosure of Fees and Costs and Loan Commitment Requirements
March 23, 2016
Colorado passed a bill repealing the “disclosure of fees and costs” required under the Mortgage Loan Originator Licensing and Mortgage Company Registration Act (MLOLMCRA) and
Michigan Repeals Borrower Bill of Rights and Consumer Caution and Home Ownership Counseling Notice
March 23, 2016
Michigan passed a bill repealing the Borrower Bill of Rights and the Consumer Caution and Home Ownership Counseling Notice. Under the bill, a lender is
Virginia Amends Office Requirements under Lender and Broker Act
March 23, 2016
Virginia passed a bill amending office requirements under the Lender and Broker Act. Under the bill, a mortgage lender and broker is no longer required
Florida Amends Timeframe for Cancellation of Mortgages upon Full Satisfaction
March 23, 2016
Florida passed a bill amending the timeframe for canceling a mortgage upon full satisfaction of the mortgage. Under the bill, a lender or servicer must
HUD Issues Mortgagee Letter 2016-06
March 18, 2016
HUD issued Mortgagee Letter 2016-06. This Mortgagee Letter announces revisions to form HUD 92900-A, HUD/VA, Addendum to Uniform Residential Loan Application. Mortgagees must use the
Update to the 4506 & 4506T Forms
March 15, 2016
Recently the IRS updated Form 4506 and Form 4506T to include a check box in the Signature section. When checked, the tax payer attests they
Fannie Mae Issues Servicing Guide Announcement SVC-2016-02
March 15, 2016
Fannie Mae issued Servicing Guide Announcement SVC-2016-02 (Announcement). This Announcement: clarifies requirements with respect to HAMP incentive payments; updates the maximum number of allowable days
