The Department of Veterans Affairs (“VA”) has proposed new rules that would update VA Home Loan guidelines for both “adjustable-rate mortgage loans” and “hybrid adjustable-rate mortgage l
On June 3, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders
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Compliance Term of the Month
Hybrid Adjustable-Rate Mortgage (ARM)
A mortgage that has a fixed introductory interest rate that resets to an adjustable rate after a set amount of time and then changes periodically based on a market index or benchmark.
Under the direction of the Federal Housing Finance Agency (“FHFA”), Fannie Mae and Freddie Mac (the “GSEs”) announced an aligned definition of “First-Generation Homebuyer Mortgage” and re
Fannie Mae and Freddie Mac (the “GSEs”) have published new state specific model forms for the 30-day Average Secured Overnight Finance Rate (“SOFR”) adjustable-rate notes and riders.
DocMagic is pleased to announce updates to the programming of the IVES Request for Transcript of Tax Return (Form 4506-C) which will provide an improved experience when requesting more th
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.
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National Mortgage News 2024 Digital Mortgage Conference
DocMagic is set to make an impact at the National Mortgage News 2024 Digital Mortgage conference!
