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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.
The U.S. Department of Housing and Urban Development (HUD) implements federal disaster assistance to State and local recovery efforts in the areas of Kansas affected by severe winter storms and straight-line winds from March 17 to March 22, 2022.
View SourceFreddie Mac released Loan Product Advisor® (LPA℠) Feedback Messages updates to help lenders make faster decisions.
View Source
Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The CFPB confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons an application for credit was denied or had other adverse actions, even if the creditor is relying on credit models using complex algorithms.
View SourceBallard Spahr, LLP--Michael Gordon
The CFPB has issued a new interpretive rule authorizing state attorneys general and state regulators to enforce the Consumer Financial Protection Act.
View SourceDS News - Kyle G. Horst
The U.S. Mortgage Insurers (USMI), has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance in force from 2015-to 2021.
View SourceThe Federal Housing Finance Agency (FHFA) announced updates to the area median income (AMI) limits which are used to determine whether a borrower’s annual qualifying income meets the income eligibility requirements for Home Possible® or Refi PossibleSM mortgages.
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With CFPB complaints on the rise, learn how ACES can keep you compliant in real time.
Buckley Infobytes Blog
The New York Department of Financial Services (NYDFS) issued an industry letter on May 17, reminding all institutions engaged in reverse mortgage lending in the state that existing regulatory framework for reverse mortgages will also apply to cooperative apartment loans made after Section 6-O*2 of the New York Banking Law takes effect on May 30.
View SourceThe Office of the Comptroller of the Currency (OCC) released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2022.
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