The Consumer Financial Protection Bureau (“CFPB”) recently published " Consumer complaints throughout the credit life cycle, by demographic characteristics," an analysis that looks at various demographic and socio-economic characteristics of consumers that submitted complaints...Learn More
As in previous years, the United States Department of Agriculture (“USDA”) has recently posted a bulletin announcing that under the Single-Family Housing Guaranteed Loan Program, there will be a short period of time - approximately two weeks - when fundinng is not available. Read More
The U.S. Treasury and the Federal Housing Finance Agency ("FHFA") recently announced the suspension of certian provisions of the Preferred Stock Purchase Agreements...Read More
The U.S. Senate voted on September 30, 2021, to confirm Rohit Chopra as the new Consumer Financial Protection Bureau ("CFPB") Director. Read More
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Compliance Term of the Month
Conservatorship
Legal process that grants temporary authority to an entity to control and oversee a private organization or corporation with the goal of creating financial health and stability.
The State of California recently passed into law the Fair Appraisal Act (the "Act"). The Act was one of over 30 bills signed into law on Setember 28, 2021 as part of state efforts to promote affordable housing and fair housing principles. Read More
DocMagic is combining two standard forms, the “Borrower Certification and Authorization” (Form ID: TDC.LSR) and “Borrower Consent to Use of Tax Return Information” (Form ID: BCUTRI.MSC). Read More
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. Read More
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Upcoming Event
Let's Connect! DocMagic to Attend Fall Mortgage Trade Shows
With in-person events back in full swing, we're excited to announce that DocMagic is hitting the road this fall and attending some of the mortgage industry's biggest conference!
