DocMagic Blog

Navigate the shifting mortgage landscape.

11/10/2022

CFPB Announces 2023 Threshold Adjustment for HPML Appraisals

The CFPB, together with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, recently posted the...
Author: Compliance Team
10/07/2022

The Resurgence of Temporary Buydown Loans

In the current interest rate environment, we have noticed a resurgence of a loan feature which has been dormant for most of the past decade –...
Author: Compliance Team
09/21/2022

CFPB Issues Circular Regarding Data Protection Security

The Consumer Financial Protection Bureau (“CFPB”) published Circular 2022-04 on August 11, 2022 which confirmed that financial institutions may...
Author: Compliance Team
11/18/2021

FHA publishes notice of proposed rulemaking regarding LIBOR transition

On Oct. 5, 2021, the Department of Housing and Urban Development (“HUD”) published an advance notice of proposed rulemaking (“ANPR”) in the Federal...
Author: Compliance Team
11/03/2021

CFPB annual threshold adjustments for Regulation Z

The Consumer Financial Protection Bureau (“CFPB”) is required to annually calculate the dollar amounts for several provisions in Regulation Z.
Author: Compliance Team
10/20/2021

U.S. Treasury and FHFA suspend provisions of the PSPAs

The U.S. Treasury and the Federal Housing Finance Agency (“FHFA”) recently announced the suspension of certain provisions of the Preferred Stock...
Author: Compliance Team
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