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The Compliance NewsHub
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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 Federal Housing Finance Agency (FHFA) released the deemed-issuance ratio for the 2022 calendar year following the Internal Revenue Service (IRS) rules on the trading of the Uniform Mortgage-Backed Security (UMBS).
View SourceOn November 24, 2021, Keyaira Bostic of Pembroke Pines, Florida, was convicted for fraudulently obtaining a Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The Comptroller of the Currency (OCC) published its schedule of Community Reinvestment Act (CRA) evaluations to be performed in the first and second quarters of 2022.
View SourceThe USDA has issued an unnumbered Letter (UL) providing temporary authorization to accept appraisals obtained by self-help grantees, certified loan application packagers, agency-approved intermediaries, and leveraged or other participating lenders subject to conditions.
View SourceDS News--Kyle G. Horst
The CoreLogic Quarterly Mortgage Fraud Brief reveals that overall mortgage fraud decreased due to an increase in refinance loans and details the highest fraud risk metro areas.
View SourceComments are requested by the California DFPI and due on December 20, 2021 regarding a proposal to require registration for the following industries: debt settlement services; student debt relief services; education financing; and wage-based advances.
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As a reminder, Fannie Mae announced that servicers are required to use Cash Remittance System™ (CRS™) to add, make updates to, or cancel drafting instructions for reverse mortgage-related activity via the drafting instructions tab in CRS effective November 22.
View SourceThe Federal Reserve Bank of Kansas City issued a briefing on features of BNPL products, including risks and benefits to both merchants and consumers.
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