Hazard Insurance Authorization and Requirements
Hazard Insurance Authorization and Requirements
HAZARD8.LSR
Updated language in item #1 on page 1. (Date of Release to Production: 08/06/20)
Hazard Insurance Authorization and Requirements
HAZARD8.LSR
Updated language in item #1 on page 1. (Date of Release to Production: 08/06/20)
Multistate Adjustable Rate Rider - 30-day Average SOFR - Modified Instrument
US3142.RID
Section 4(A) and (4D) were updated by removing text to allow Programming to fill in that information. (Date of Release to Production: 08/10/20)
Fair Credit Reporting Act
FCRA.MSC
Updated text in first paragraph. (Date of Release to Production: 08/06/20)
In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents. Here is the list of forms created or modified in August, 2020.
To view all New/Revised Documents, click here
District of Columbia Financing Agreement
DCFA.MSC
Removed language from first paragraph on page one no longer required to be included. (Date of Release to Production: 07/23/20)
District of Columbia Notice of Waiver
DCNOW.MSC
Removed language from first paragraph on page one no longer required to be included. (Date of Release to Production: 07/23/20)
Florida Mortgage Brokerage Business Services Agreement
FLMBBSA.MSC
Converted to letter size. (Date of Release to Production: 07/23/20)
Loan Fee Sheet
LFEES.MSC
Converted to letter size. (Date of Release to Production: 07/23/20)
Texas Loan Agreement Addendum
TXLAA.MSC
Converted to letter size. (Date of Release to Production: 07/23/20)
As previously announced, Fannie Mae and Freddie Mac jointly released a LIBOR Transition Playbook and FAQs providing guidance and timelines regarding the transition from the LIBOR to Secured Overnight Financing Rate (“SOFR”) index. New Fannie Mae and Freddie Mac SOFR products use the 30-day Average SOFR index and a 6-month reset period.