The U.S. Department of Agriculture (“USDA”) has issued  Special Procedure Notice 657 to announce increased 2026 income limits for the Rural Development Single Family Guaranteed Loan Program.  The USDA’s income limits are based on total household income and vary by household size and location. The new income limits apply to loans submitted on or after July 13, 2026.

DocMagic is making an update to the display of charges in the Origination Charges section on the Loan Estimate, specifically with how charges received as individual charge items in transaction data are combined for display on the form.   

DocMagic will be reviewing any applicable rules in state laws or regulations for standard language to include with the Notice of Default heading section that already exists on DocMagic standard subordinate lien security instruments.  As applicable based upon the review, DocMagic will make updates to the standard text of subordinate security instruments to include relevant notice of default language. 

On February 20, 2026, the Nebraska Legislature passed a bill, Legislative Bill 717 (LB 717), that adds a new requirement for lenders to complete and provide to the borrower a tangible net benefit form for all refinances of mortgage loans.  As part of the state’s residential mortgage licensing laws and also its installment loans and sales laws, lenders or licensees will now be required to disclose whether any refinance provides a tangible net benefit to the borrower. 

UAD - Uniform Appraisal Dataset.  This is a dataset that Fannie Mae and Freddie Mac (collectively, GSEs) will require lenders to include as part of their sale of loans to the GSEs.  The UAD contains appraisal-specific data that originates from the appraisal report and the process for creating the appraisal report.   

At the end of June, the Department of Housing and Urban Development (“HUD”) issued several mortgagee letters to revise guidelines for FHA loans.  In its release announcing the changes, FHA stated “the changes eliminate outdated requirements, reduce administrative burdens, and make FHA financing more efficient for homebuyers and lenders.”   The release stated HUD was announcing fourteen policy changes to “lower costs, reduce regulatory burdens, and improve affordability.”

The Kansas Office of the State Bank Commissioner recently revised regulations for the required notice to consumers about the licensee making the loan.  The form for the notice, the Kansas Notice by Licensee to Applicant (Form ID: KSNBLTA.MSC), is being revised as a result of the regulation update.  The revision was published in the Kansas Register July 9, 2026.

Updated to add additional fill space for "Borrower" definition on page 2. (Release to Production 07/23/26) 

Updated to add additional fill space for "Borrower" definition on page 2. (Release to Production 07/23/26) 

Updated with new language per revised legal statute. (Release to Production 07/23/26)