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

Agency | GSE News | September 25, 2023

Ginnie Mae APM 23-11: Revised HMBS Pooling Eligibility Requirements

Ginnie Mae announced the revision to pooling eligibility requirements for Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS).

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Industry News | September 22, 2023

FHFA: GSEs Completed 47,370 Foreclosure Prevention Actions during Second Quarter

MBA NewsLink

According to the Federal Housing Finance Agency, the GSEs completed 47,370 foreclosure prevention actions during the second quarter.

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Agency | GSE News | September 21, 2023

USDA Changes to the Eligibility of Certain Rural Areas

On October 1, 2023, the new ineligible area maps for the Rural Development Single Family Housing (SFH) and Multi-Family Housing programs will be updated to the USDA Income and Property Eligibility Site at

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Industry News | September 21, 2023

CFPB Revisits Adverse Action Notice Requirements When Using Artificial Intelligence or Complex Credit Models

Ballard Spahr LLP--Richard J. Andreano, Jr., John L. Culhane, Jr. & Michael R. Guerrero

The CFPB is now revisiting the issue in Circular 2023-3 addressing Equal Credit Opportunity Act (ECOA) adverse action notice requirements in connection with credit decisions based on algorithms.

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Industry News | September 20, 2023

CFPB Circular 2023-03: Reg B Adverse Action Reporting Requirements on Loans Underwritten Using AI

On Tuesday, September 19th, 2023, the CFPB published circular 2023-03 notifying creditors of adverse action reporting requirements under ECOA and Regulation B for loans underwritten using complex algorithms involving "artificial intelligence".

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Agency | GSE News | September 20, 2023

Fannie Mae AMN/HSSN 29.2 Release Notes

Fannie Mae announced that during the weekend of September 23, 2023, they will implement Release 29.2, which includes the changes and enhancements described below for Asset Management Network (AMN)/HomeSaver Solutions™ Network (HSSN).

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Success story norcom email banner


"We are already ahead of the game and without having to add additional FTEs."

- Julie Baril, QC Manager at Norcom Mortgage

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Agency | GSE News | September 19, 2023

VA Circular 26-22-16, Change 1

The purpose of this Circular is to remove the “Pricing Sheet” from the stacking order for loans selected for FFLR.

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Legal News | September 19, 2023

Man Admits Conspiring to Commit Mortgage Fraud

Mortgage Fraud Blog--Rachel Dollar

Cabral Simpson of Orange, New Jersey, a real-estate investor, and his conspirators engaged in mortgage fraud by creating fake bank statements and fake employee verification records for buyers of properties and transferring money into the buyers’ bank accounts for payment of the deposit for a property and submitted fraudulent mortgage loan applications, supporting documents, and closing documents on behalf of the buyers.

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Emilee Rada laughing pic


"ACES has shined a light on our productivity and empowered us to hold our teams accountable."

- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union

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