CFPB Posts Ambitious Spring 2025 Regulatory Agenda
The CFPB has posted its Spring 2025 Regulatory Agenda, albeit much later than spring. While it is being published in the fall, the information is current as of April 21, 2025, and covers actions beginning in June of this year. Learn More
Earlier this month, U.S. House Representatives Gregory W. Meeks (D-NY) and Pete Sessions (R-TX) introduced the Mortgage Insurance Freedom Act as House Resolution 5508. The bipartisan bill seeks to require the Federal Housing Administration (“FHA”) to end the current life-of-loan requirement for borrowers to pay mortgage insurance. Read More
As of midnight on October 1, 2025, the U.S. federal government “shut down” or more precisely, no longer had funding to continue non-essential operations. The federal government does play some critical roles related to mortgage lending. Read More
The California Privacy Protection Agency published new and revised regulations for implementation of California’s consumer privacy laws in September. The California Privacy Protection Agency (“CPPA”) is the state agency created in 2020 to implement and enforce the California Privacy Rights Act of 2020 (“CPRA”), the successor to the California Consumer Privacy Act of 2018 (“CCPA”). Read More
Complimentary
Compliance Term of the Month
Assumption
A subsequent purchaser of a property assumes the existing loan obligation of the seller. This can allow a subsequent purchaser to obtain more favorable terms from the current loan than the market may allow from a new loan.
As in previous years, the United States Department of Agriculture (“USDA”) has posted a bulletin announcing that under the Single-Family Housing Guaranteed Loan Program, there will be a short period of time during the new fiscal year – approximately one week – when funding is not available. Read More
As discussed in last month’s article, Maryland recently passed a law requiring lenders to allow a spouse to assume a conventional home loan upon decree of absolute divorce. The law is specific to conventional loans. Read More
Earlier this year the Tennessee General Assembly passed HB 1127. This House Bill revises the present laws regarding advertising the sale of land to foreclose a deed of trust, mortgage, or other lien securing the payment of money or other thing of value or under judicial orders. 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. Here is the list of forms created or modified in September 2025.To view all New/Revised Documents, click here. Read More
Complimentary
Upcoming Event
DocMagic will be hitting the road in September!
DocMagic will be hitting the road in September, meet with us at the following industry events: Meet with Lisa Rose, Investor Compliance Specialist and Ron Carrillo, Business Development
