GSE Updates to Connecticut and Kentucky Security Instruments
Fannie Mae and Freddie Mac (the “GSEs”) recently announced revisions to the security instruments for the states of Connecticut and Kentucky.
Connecticut (Form 3007)
Removal of Idaho Licensee Information Disclosure
Under Executive Order 2020-01, the Idaho Department of Finance (the “Department”) is required to conduct a cost and benefit review of existing rules every five years with the purpose of reducing regulatory burden by removing outdated requirements. As part of this review process, the Department published a notice of proposed rulemaking (“NORP”) to amend certain rules under the Idaho Residential Mortgage Practices Act in the Idaho Administrative Bulletin Vol.
Reconsideration of Value Disclosure Update
On August 15, 2024, DocMagic began providing a new Reconsideration of Value Disclosure (Form ID: ROVD.MSC) in application, appraisal, and initial disclosure packages for all FHA-guaranteed and conventional loans. In addition, a separate Reconsideration of Value Request Form (Form ID: ROVRF.MSC) was made available for customers to add upon request.
Revised Document: Texas Discount Point Acknowledgment
Document Title
Revised Document: Texas Discount Point Acknowledgment
Form Name
TXDPA.MSC
Updated footer logo to most recent version. (Date of Release to Production: 08/22/24)
Revised Document: Texas Disclosure of Multiple Roles in a Consumer Real Estate Transaction
Document Title
Revised Document: Texas Disclosure of Multiple Roles in a Consumer Real Estate Transaction
Form Name
TXDOMR.MSC
Updated footer logo to most recent version. (Date of Release to Production: 08/22/24)
Revised Document: Texas Disclosure
Document Title
Revised Document: Texas Disclosure
Form Name
TXD.MSC
Updated footer logo to most recent version. (Date of Release to Production: 08/22/24)
Revised Document: Texas Designation of Homestead Affidavit
Document Title
Revised Document: Texas Designation of Homestead Affidavit
Form Name
TXDOHA2.MSC
Updated footer logo to most recent version. (Date of Release to Production: 08/22/24)
Revised Document: Multistate Prepayment Rider
Document Title
Revised Document: Multistate Prepayment Rider
Form Name
USPRT.PPF
Updated to use dynamic signature lines. (Date of Release to Production: 08/22/24)
Revised Document: Multistate Prepayment Note Addendum
Document Title
Revised Document: Multistate Prepayment Note Addendum
Form Name
USPATNT.PPF
Updated to use dynamic signature lines. (Date of Release to Production: 08/22/24)
Revised Document: Multistate Prepayment Addendum to Note
Document Title
Revised Document: Multistate Prepayment Addendum to Note
Form Name
USPATN.PPF
Updated to use Seal/Borrower signature lines. (Date of Release to Production: 08/22/24)
