The Compliance NewsHub

Your Financial Credit & Compliance Research Library.

Compliance Updates and News that Matter

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.

Recent News

Industry News | October 23, 2020

Roostify Partners with Google Cloud to Deliver Enhanced Lending Document AI Capabilities

Yahoo Finance

Roostify and Google have partnered up to integrate Google Cloud's Lending DocAI with Roostify's digital lending platform to assist lenders process mortgage applications more efficiently.

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Legal News | October 23, 2020

Guild Mortgage Company to Pay Almost $25 Million To Resolve Allegations It Knowingly Caused False Claims To Federal Housing Administration HOME

Office of Inspector General

Guild Mortgage Company will pay $24.9 million after allegedly violating the False Claims Act and the common law by knowingly breaching material program requirements in the origination and underwriting of FHA mortgage loans.

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Industry News | October 23, 2020

Stewart Title Acquires Valuation Services Company Pro Teck

MBA Newslink--Kelsey Ramirez

Stewart Appraisal Management has announced that it has acquired the valuation services company, Pro Teck Valuation Intelligence.

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Industry News | October 23, 2020

The housing market faced uncertainty in March, but now ‘it’s a circus’

Housingwire--Julia Falcon

COVID-19 created much uncertainty in the housing market including a pause for realtors due to the shutdowns, but the drop in interest rates and buyers looking to move away from large cities, it has become a boom for real estate market.

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Federal Legislation | October 23, 2020

Lawmaker tells Kraninger to pump the breaks

Mortgage Professional America – Ryan Smith

Senator Sherrod Brown (D-Ohio) request that CFPB postpone a planned reorganization of its Division of Supervision, Enforcement, and Fair Lending (SEFL) until after the presidential election.

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Industry News | October 23, 2020

Lenders become more selective as homeowners take advantage of low rates – Ellie Mae

Mortgage Professional America – Candyd Mendoza

According to Ellie Mae, Homeowner’s FICO scores soared to a new 2020 highs as interest rates fell to a new historic low in September.

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Legal News, State News | October 23, 2020

Appeals court tosses mortgage fraud case against Manafort

Mortgage Professional America – Ryan Smith

A New York appeals court dismissed state mortgage fraud charges against Paul Manafort.

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Agency | GSE News | October 22, 2020

FHA Mortgagee Letter 2020-36 New Construction Requirements

This mortgagee letter makes changes to HUD’s maximum financing policy for new construction loans.

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