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.
FHA has extended the effective period for ML 2020-24, concerning the utilization of flexible guidance related to verification of self-employment and verification of Rental Income for Single Family Title II Forward Mortgage and HECM Programs, and 203(k) escrow administration for the 203(k) Rehabilitation Program, in response to impacts from the Presidentially-Declared COVID-19 National Emergency, for case numbers assigned on or before December 31, 2020.
View SourceFHA has extended the temporary guidance published in ML 2020-16, concerning endorsement processes for mortgages where a borrower has been granted a forbearance related to the Presidentially-Declared COVID-19 National Emergency prior to the loan being endorsed for FHA Insurance, through December 31, 2020.
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The CFPB launched a refresh of its public website, which includes a new interactive enforcement database to help the public track the Bureau’s enforcement actions.
View SourceThe OCC is proposing a regulation to ensure that national banks and Federal savings associations offer and provide fair access to financial services; comments are due on or before January 4, 2021.
View SourceFannie Mae posted the November Appraiser Quality Monitoring (AQM) list.
View SourceFannie Mae has added a condotel section to the project standards FAQs where lenders can find answers to condotel, condo, and co-op policy-related questions.
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Get QC insights from experts to stay informed during unpredictable times.
Register NowFreddie Mac confirmed the new general and high-cost area conventional loan limits for 2021.
View SourceFannie Mae published LL-2020-14 confirming the new general and high-cost area conventional loan limits for 2021.
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How to turn your Quality Control Team into a revenue retention department.
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