DocMagic Blog

Navigate the shifting mortgage landscape.

07/06/2021

FHFA director replaced following Supreme Court decision

On June 23, 2021, the U.S. Supreme Court issued a 7-2 decision in Collins v. Yellen, which held that the structure of the Federal Housing Finance...
Author: Compliance Team
06/07/2021

GSE guidance for revised General QM definition

Fannie Mae and Freddie Mac (FNMA or FHLMC, respectively, or the “GSEs” collectively) recently provided additional guidance on their changes in...
Author: Compliance Team
05/11/2021

GSEs announce plans to limit purchases to loans meeting revised General QM rule

On April 27, 2021, the CFPB formally announced the delay of the mandatory compliance date of the General Qualified Mortgage (QM) Final Rule from July...
Author: Compliance Team
04/07/2021

CFPB rescinds 7 pandemic-related policy statements

The Consumer Financial Protection Bureau has announced that it is rescinding seven policy statements that were issued last year to assist financial...
Author: Compliance Team
02/03/2021

CFPB issues statement on financial institutions serving LEP consumers

On Jan. 13, the Consumer Financial Protection Bureau (CFPB) issued a “Statement Regarding the Provision of Financial Products and Services to...
Author: Compliance Team
11/16/2020

IRS releases new form 4506-C

The Internal Revenue Service (IRS) recently released a new version of Form 4506, as Form 4506-C, IVES Request for Transcript of Tax Return (version...
Author: Compliance Team
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