Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The Compliance NewsHub
Your Financial Credit & Compliance Research Library.
The Compliance NewsHub delivers mortgage, credit and compliance headlines and breaking news to help compliance and quality control professionals easily find relevant news and important regulatory dates.
Freddie Mac has published their latest Economic, Housing, and Mortgage Market Outlook which suggests that economic risks remain burdened due to steadily high inflation, unaffordability, and low inventory impacting sales and originations while prices remain solid.
View SourceFannie Mae announced enhancements to the Condo Project Manager (CPM), including updating CPM IDs to be consistent in length, allowing correspondent lenders to request access, and switching Loan Delivery edits to a “warning” status effective on or after July 1, 2023.
View Source
Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
This selling notice is a reminder that effective September 1, 2023, appraisers will be required to provide main living area photographs, including the living room, family room, dining room, all bedrooms, and all finished and unfinished areas of the basement.
View SourceDS News - Eric C. Peck
The House Financial Services Committees examine the loan level price adjustment (LLPA) fee structure implemented by the Federal Housing Finance Agency (FHFA) and its impact on the mortgage marketplace.
View SourceDS News - Demetria Lester
Fannie Mae announced that it has executed its fifth Credit Insurance Risk Transfer (CIRT) transaction on $18.1B of single-family Loans in 2023.
View SourceOn May 22, 2023, the VA published Circular 26-23-10 to clarify assumption procedures and republish the stacking order for Assumptions with VA-Prior Approval, Assumptions without Substitution of Entitlement, Assumptions with Substitution
of Entitlement, and Assumption Appeals, effective immediately.
The Maryland Department of Housing and Community Development and the Office of the Commissioner of Financial Regulation (OCFR) have published new frequently asked questions for mortgage servicers about the Maryland Homeowner Assistance Fund (HAF).
View SourceThis Mortgagee Letter clarifies loss mitigation options for non-borrowers who acquired title through an exempted transfer and updates the option as noted in Mortgagee Letter (ML) 2023-03.
View Source