The CFPB recently published new Enforcement Principles on their website that will guide any enforcement action the bureau decides to take. The principles reflect a shift in focus for the bureau from its priorities under previous administrations, much that has already been publicly discussed. Learn More
The state of Kentucky has amended its net income requirements for lenders and brokers with Senate Bill 157. This update will take effect on July 14, 2026. Previously, the net income limit applied to all mortgage loans. Read More
Many states review the current rate of inflation for late fee maximums and other thresholds such as those used for application of prepayment penalty prohibitions. DocMagic is making the following updates in accordance with those periodic adjustments that have been recently announced in Minnesota, Oklahoma and South Carolina. Read More
In late June, both houses of Congress passed the “21st Century ROAD to Housing Act” (ROAD – Reducing Over-regulation in And out of Development) with significant majorities aimed at address housing affordability. Read More
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Compliance Term of the Month
MISMO
The Mortgage Industry Standards Maintenance Organization, or MISMO, helps the mortgage industry and all of its many participants speak to each other in the same language, by maintaining a common language, as well as some related processes, that can be used between them. This promotes interoperability between the many lenders and their vendors, including loan origination systems and document providers.
DocMagic is making an update to the signature lines used for trustees on the security instrument and related documents for loans made to a revocable trust on property otherwise identified as homestead property in Arkansas and New Hampshire. Read More
DocMagic's current data model supports the provision of discrete trust and entity data for transactions involving trusts and other non-trust entities. This includes support for multiple trusts within a single loan transaction, such as dual-trust loan scenarios commonly used by spouses in certain states. Read More
As previously announced, Virginia recently adopted a provision to require lenders to allow for an assumption of a conventional loan between parties who are divorcing. This follows Maryland who adopted the same provisions last year. 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 June 2026.To view all New/Revised Documents, click here. Read More
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Upcoming Event
Headed to OPSCON Atlanta!
DocMagic is heading to OPSCON Atlanta, August 3-4 at the Hyatt Regency Atlanta Perimeter!Stop by the booth to meet Ron Carrillo, Business Development Manager and Tom Rice, Senior Accoun
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