Delaware Licensed Lenders Inspections
DELLR.MSC
Updated to match website version. (Date of Release to Production: 08/11/22)
Delaware Consumers Have the Right to Obtain a Security Freeze
DENORSF.MSC
Updated to match website version. (Date of Release to Production: 08/11/22)
Massachusetts Licensed Inspector Report
MALIL.MSC
Updated to most recent website version. (Date of Release to Production: 08/11/22)
DocMagic will be updating the FHA and VA notes and security instruments later this year. As noted in several prior articles, Fannie Mae and Freddie Mac published new versions of their Uniform Instruments in July 2021, with a required use date as of January 1, 2023. DocMagic plans to update our standard conventional documents to these new versions as of August 12, 2022. In addition to those changes, DocMagic will also be making updates to the notes and security instruments used for FHA and VA loan types.
As a reminder, DocMagic delayed the release of the new conventional Uniform Instruments to August 12, 2022. After this date, DocMagic will automatically return the new 07/2021 versions of the Fannie Mae and Freddie Mac Uniform Instruments which have a required use date of January 1, 2023. No action is required from any of our clients, this change will happen automatically.
The Veterans Affairs Administration published Circular 26-22-10 on June 23, 2022 announcing enhancements to accept the United States Space Force as a military branch of service for use in connection with the Veterans Certificate of Eligibility. As a result, lenders should now use Space Force as the identified branch of military service in connection with requests for certificates of eligibility.
DocMagic has added new forms to our document library for use with ARM programs that include a conversion option. The ARM disclosures include language that describe the convertible option provided in the accompanying note.
The new forms have been added to the DSI standard plans as of July 21, 2022. The form ID for these forms are ARMCO.DSC, ARMCO2.DSC and ARMCO3.DSC.
Important Terms of Your Home Equity Line of Credit
USHEIT5.HLC
Updated "Transaction Requirements" and "Variable-Rate Information" sections. (Date of Release to Production: 08/04/22)
Important Terms of Your Home Equity Line of Credit
USHEIT15.HLC
Updated "Transaction Requirements" and "Variable-Rate Information" sections. (Date of Release to Production: 08/04/22)
Important Terms of Your Home Equity Line of Credit
USHEIT10.HLC
Updated "Transaction Requirements" and "Variable-Rate Information" sections. (Date of Release to Production: 08/04/22)
