1/14/14 9:55 AM
Florida National Title Insurance Company Recoupment Extended
Posted by
SoftPro on 1/14/14 9:55 AM
The Florida Office of Insurance Regulation's (OIR) extended the National Title Insurance Company Recoupment Fee to April 4, 2014. The OIR continues to work with the title industry to find a long-term solution for the National Title Insurance Company...
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1/13/14 9:56 AM
Fannie Mae and the CFPB in sync on new servicer rules
Posted by
SoftPro on 1/13/14 9:56 AM
Interesting article on Fannie Mae and their new servicer guidelines.
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1/10/14 9:43 AM
Qualified Mortgage and Ability to Repay Rule aim to aide consumers
Posted by
SoftPro on 1/10/14 9:43 AM
The Qualified Mortgage Rule, which includes the new Ability to Repay requirements became effective today. This article gives a good overview of the rule and what outcome it might have on the mortgage industry.
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1/9/14 6:53 PM
The Qualified Mortgage (QM) Rule effective January 10th
Posted by
SoftPro on 1/9/14 6:53 PM
Here is some good news from the lending community...
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1/8/14 12:46 PM
New numbering system on the Closing Disclosure Form...
Posted by
SoftPro on 1/8/14 12:46 PM
The new final closing disclosure form does not retain the current line numbers on the HUD-1. Instead it is divided into Loan Costs and Other costs with subsections under each. Not only is this a big learning curve to all of us who know the current HUD-1...
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1/8/14 10:47 AM
Wondering which loans do not apply to the Final Rule?
Posted by
SoftPro on 1/8/14 10:47 AM
The Final rule applies to most consumer mortgages, EXCEPT:
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Every licensed Agency, every non-resident agency with a Florida license, every Florida Direct Operation, every attorney or law firm who owns a title agency and/or operates under a DFS license, and each insurer should plan to start capturing data January...
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1/7/14 11:57 AM
TDI issues a Guaranty Assessment Recoupment Fee (GARC)
Posted by
SoftPro on 1/7/14 11:57 AM
The Texas Department of Insurance (TDI) issued an order setting a Guaranty Assessment Recoupment (GARC) Fee effective January 1, 2014. All title agents will be required to collect a GARC fee of $1.80 on each owner and loan policy. This fee must be...
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http://www.bloomberg.com/news/2013-12-18/builders-began-work-on-most-u-s-homes-in-more-than-five-years.html
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The Final Rule allows for a 21 month implementation timeline. The industry efforts and comments clearly demonstrated the need for a lengthy time period to ensure proper implementation of the Final Rule as well as the Final Closing Disclosure Form. The...
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