Compliance Standardization in Mortgage Lending is a Myth
In industry discussions, mortgage compliance is often treated as though it can be standardized across lenders. Model policies, regulatory checklists and compliance platforms are often presented as though there is a single blueprint for how mortgage compliance should work in practice. Learn More
Both the Federal Housing Finance Agency (“FHFA”) and the Fair Housing Administration (“FHA”) recently announced the availability to lenders to use the new Vantage Score credit scoring model for loans sold to Fannie Mae and Freddie Mac and insured by FHA. Read More
The U.S. Department of Agriculture (“USDA” or “Agency”) proposed a rule to amend the Single-Family Housing Guaranteed Loan Program (“SFHGLP”) regulation to permit the financing of a single-family home with income producing Accessory Dwelling Units. Read More
Virginia and California recently passed laws placing new requirements on lenders to allow certain assumptions on conventional loans. Last October, DocMagic discussed the new law in Maryland that requires lenders to allow for assumption by an existing borrower in connection with a decree of divorce, allowing for assumptions of existing loans between married persons as part of a divorce. Read More
Complimentary
Compliance Term of the Month
Inter Vivos Revocable Trust
– inter vivos meaning “among the living” in Latin, these trusts are established during the creator’s lifetime to hold assets for the creator’s benefit during their life and provide for distribution after their death. Also commonly called “revocable trust”, “living trust”, or even “revocable living trust.”
DocMagic has published a new document specifically for use with Shared Appreciation or Home Equity Investment (HEI) Loans in Maryland. These agreements, where homeowners share home equity growth with an investor in exchange for funds, require strict disclosure of property value calculations and repayment terms. Read More
DocMagic has released additional versions of the Residential Mortgage Credit Score Disclosure Exception Notice, used for satisfying the Fair Credit Reporting Act requirement that users of consumer reports disclose information about the report obtained to the consumer who is the subject of the report. Read More
DocMagic is pleased to announce that we are updating our dynamic notary certificates to reflect state requirements for signers in a representative capacity, as applicable for your loan transaction. 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 April 2026.To view all New/Revised Documents, click here. Read More
Complimentary
Upcoming Event
Heading to the MBA Legal Issues & Regulatory Compliance Conference May 4-7 in Miami?
Heading to the MBA Legal Issues & Regulatory Compliance Conference May 4-7 in Miami?
You received this email because you are
subscribed to the .
DocMagic, Inc. sends a variety of emails to our clients. If you prefer not to receive certain types of communication, you can
click here to update your email preferences.
For details on how we handle your data, see our privacy policy.
Please consider the environment before printing this email.
