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  • 22 Feb 2017 3:05 PM | Anonymous


    The 2016 VOOR report filing information will be available shortly on the NYSDFS website.  Watch your mail for your log-in information and make sure you file on-time.  Since the data requirements are the same as last year’s VOOR, you may want to get a head start on completing the information in anticipation of filing.  At this time, we do not know if the annual filing date will be extended.

  • 09 Jan 2017 3:07 PM | Anonymous

    Subject: Reduction of Federal Housing Administration (FHA) Annual Mortgage Insurance Premium (MIP) Rates 

    Purpose: This Mortgagee Letter (ML) communicates revised annual MIP rates for certain FHA Title II forward mortgages. 


  • 30 Jul 2016 1:30 AM | Anonymous

    The Bureau of Consumer Financial Protection (Bureau) is proposing various amendments to Federal mortgage disclosure requirements under the Real Estate Settlement Procedures Act and the Truth in Lending Act that are implemented in Regulation Z.

    For more details click here 

  • 29 Jun 2016 3:10 PM | Anonymous

    On Thursday, June 23 the IRS notified vendors who provide tax transcripts (such as IVES vendors) that they would need to implement new requirements in order to continue providing tax transcript services. These new requirements are intended to better protect taxpayer information. The updated requirements include certain new assessments and certifications for vendors and lender clients. 

    While the IRS has not made their new certification requirements available to the public, we have learned they will include items such as a requirement that lenders provide their vendors with the Social Security numbers of any individual authorized to use the tax transcript process. Some of the new requirements must be implemented by July 1 and thus demand your immediate attention. Other requirements must be implemented within 45 days.

    The IRS has been contacted by various trade groups asking for a delay in the implementation date and is working for further clarity around the requirements. However, as of this writing the IRS has refused to delay the implementation. 

    I strongly recommend that you reach out to your vendor today to obtain the requirements and complete the necessary certifications and assess the impacts on your business operations.  According to the IRS, vendors will be required to suspend access to the transcript service for any lender that fails to complete the required certification by midnight, Friday, July 1.

    Zahra Jafri, President

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