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The Compliance NewsHub
Your Financial Credit & Compliance Research Library.
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.
Reverse Mortgage Daily – Chris Clow
According to a study published in the Journal of Financial Planning, co-authored by Phil Walker, Dr. Barry Sacks, and Dr. Stephen Sacks, reverse mortgages could be highly beneficial to mass affluent seniors.
View SourceReverse Mortgage Daily – Chris Clow
New York Governor signed Reverse Mortgage Co-operative bill that allows seniors aged 70 or older living in New York state to take out a reverse mortgage loan on co-operative living space.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Reverse Mortgage Daily – Chris Clow
Home Equity Conversion Mortgage (HECM) volume dropped slightly in November 2021 as HMBS Issuance Hits New Record in November.
View SourceThe USDA has released an Unnumbered Letter (UL) increasing the permissible packaging fees for Section 502 Direct certified loan application packaging and American Rescue Plan Act (ARPA) packaging effective immediately.
View SourceThe fourth annual Money Mule Initiative, which targets networks of individuals through which international fraudsters obtain proceeds of fraud schemes was announced today by the Department of Justice, FBI, U.S. Postal Inspection Service and five other federal law enforcement agencies, including the CFPB.
View SourceFHA has published extensions to its temporary regulatory and SFH Policy Handbook 4000.1 waivers allowing mortgagees to utilize alternative methods for conducting face-to-face interviews with borrowers as part of the early default intervention requirements of FHA default servicing through December 31, 2022.
The Office of the Comptroller of the Currency (OCC) has released an OnPoint economic paper examining mortgage data reported under the Home Mortgage Disclosure Act (HMDA) for evidence supporting the claim of movement away from large metropolitan statistical areas in 2020.
View SourceThe U.S. Treasury has announced measures it will use in support of the national action plan to combat human trafficking.
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