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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.
Freddie Mac announces upcoming Loan Selling Advisor® enhancements including GSE Overall Condition Type of C5 and C6 appraisal restrictions, Cash-Released XChange® SRP Pricing based on property usage type, and the CMT-indexed ARMs retirement.
View SourceLos Angeles Daily News--City News Service
Twelve people have been indicted in alleged a Southern California ‘green’ loan and mortgage fraud scheme with a variety of charges including conspiracy, mortgage fraud, grand theft, identity theft, forgery, filing a false or forged document and money laundering.
View Source
Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
FHA is providing clarification when it is appropriate to begin reviewing borrowers for COVID-19 loss mitigation options.
View SourceWeiner Brodsky Kider PC
The CFPB entered into a consent order with a reverse mortgage lender over advertising violations.
View SourceM Report – Eric C. Peck
According to the Freddie Mac report, mortgage rates remain under 3%.
View SourceDS News -- Christina Hughes Babb
GESs policies for short-term projects are similar, but there are some differences between how each determines project eligibility.
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Mortgage Bankers Association -- Michael Tucker
A recent report issued by Auction reported more than three out of four distressed property buyers are local investors, and almost nine in ten purchased five or fewer investment properties in 2020.
View SourceThis Mortgagee Letter amends regulations for Home Equity Conversion Mortgages (HECMs) regarding Non-Borrowing Spouses.
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