North Carolina’s Secure and Fair Enforcement (S.A.F.E.) Mortgage Licensing Act (“SAFE Act”) governs licensing and conduct of mortgage originators, brokers, and lenders operating in the state and applies statutory caps on lender origination fees.
Where tax records may be deposited for review by designees of a Taxpayer, such as those designees identified on IRS Form 8821.
The U.S. Department of Agriculture - Rural Development (“USDA”) has announced updates to several chapters of the Single Family Housing Guaranteed Loan Program Technical Handbook (“HB-1-3555”).
Freddie Mac recently published standardized subordinate-lien mortgage documents for additional states. The new state-specific forms are available on the Freddie Mac subordinate-lien document webpage. The webpage also provides additional information regarding the use of the standardized subordinate-lien documents, including FAQs and links to additional lender information.
Washington recently passed Senate Bill 5686 (“S.B. 5686”) to expand foreclosure requirements under the Mortgage Broker Practices Act and Consumer Loan Act. The bill includes several key provisions that are intended to help homeowners facing potential foreclosure.
The U.S. Department of Housing and Urban Development (“HUD”), through its Office of Environment and Energy, and the U.S.
On July 3, 2025, the Federal Deposit Insurance Corporation (“FDIC”) issued the Summer 2025 edition of its Consumer Compliance Supervisory Highlights (“Supervisory Highlights”). The latest edition focuses on information about the overall results of the approximately 800 FDIC consumer compliance examinations conducted in 2024 providing some insight into areas of consumer compliance performance, the most frequently cited violations, and growing trends in consumer complaints.
On July 8, 2025, Federal Housing Finance Agency (“FHFA”) Director Bill Pulte announced in a social media post that the government-sponsored enterprises, Fannie Mae and Freddie Mac (the “GSEs”), will accept either the VantageScore 4.0 credit model or Classic FICO alone for mortgage underwriting, effective immediately.
Connect with DocMagic and enjoy the view of the Pacific Ocean at the Western Secondary Market Conference!
August 11-13 | Palos Verdes, CA
Be sure to catch Leah Sommerville, Director of Sales, on the panel for Margin Killers on Tuesday, August 12th at 2:15 pm PT.
New Document: Washington Foreclosure Fairness Act (FFA) Disclosure - Foreclosure Prevention Fee
WAFFAD.MSC
New Washington disclosure. (Date of Release to Production: 07/28/25)
