Updated Credit Scores graph. (Date of Release to Production: 11/18/21)

Updated Credit Scores graph. (Date of Release to Production: 11/18/21)

Removed DocMagic footer logo; will now be filled in. (Date of Release to Production: 11/18/21)

Updated legal citation in footer and "Governing Law" section on page 1, and removed bullets on page 2. (Date of Release to Production: 11/18/21)

Fannie Mae and Freddie Mac (the “GSEs”) recently published a new Supplemental Consumer Information Form (Form 1103).  The form includes questions regarding homeownership education and language preference, which were previously part of the redesigned Uniform Residential Loan Application (“URLA”) but were removed after industry feedback and made optional in October 2019.

The Internal Revenue Service (“IRS”) has begun the process of updating the Income Verification Express Service (“IVES”) to a more modern system.  To move from a manual process to a more efficient automated process, the IRS is implementing optical character recognition (“OCR”) software.

Updated to match model form. (Date of Release to Production: 11/11/21)

The U.S. Department of Agriculture (“USDA”) announced on October 14, 2021, that funding for the Rural Development’s Single-Family Guaranteed Loan Program is now available for Fiscal Year 2022.  Funding was authorized by the U.S. Congress under H.R. 5305 as part of the “Extending Government Funding and Delivering Emergency Assistance Act.”

Updated to 8/21 version. (Date of Release to Production: 11/04/21)

Updated to 8/21 version. (Date of Release to Production: 11/04/21)