Yes, the size of individual data fields may be modified, for example, to permit the requested data to fit in the applicable data field.

No, there is no requirement that either the top, bottom or side margins of the model form be a specific size, and the top, bottom and/or side margins of the model form may be adjusted as necessary.

Either paper size is permitted, that is, the GFE can appear on either 8½ x 11 letter-sized paper or 8½ x 14 legal-sized paper.

Yes, the borrower can waive the waiting periods under the MDIA "to meet a bona fide personal financial emergency."  The re-disclosures must still be provided; it is only the waiting period that can be waived.  However, printed forms are not permitted to be used for waiver purposes.

According to a regulator at the Office of the Commissioner of Financial Regulation, if the broker will not be receiving/charging a finder's fee, the Mortgage Broker Agreement will still need to be provided to the borrower to show that the broker will not be receiving/charging any finder's fee.  The agreement will then also need to display a "0" dollar amount in the blank fee fields.  

You may read more about this audit in this article here.

Our article regarding the Wisconsin high cost test is available online here.  As the article states, the Wisconsin high cost test is virtually identical to the federal Section 32 high cost test, with the exceptions that Wisconsin's high cost test covers more loans and reduces the points and fees threshold to 6%.  The federal Section 32 high cost test includes mortgage insurance as a point and fee and as a result so does the Wisconsin high cost test.  Therefore, mortgage insurance is not excludable and will be taken into account.