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

Legal News | August 09, 2022

New Orleans Man Sentenced for Mortgage Fraud

A 72 year old resident of New Orleans, Louisiana, was sentenced on August 4, 2022 for mortgage fraud and sentenced to time served, 5 years of supervised release, $751,900 in restitution, and a mandatory $100 special assessment fee.

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Agency | GSE News | August 09, 2022

HUD No. 22-146: HUD Announces Nearly $3 Million In Loan Guarantee For Babylon, NY To Create A Multi-Purpose Greenhouse Public Facility

The U.S. Department of Housing and Urban Development (HUD) has awarded the Town of Babylon in the State of New York a nearly $3 million loan guarantee to create a multi-purpose greenhouse public facility.

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Industry News | August 09, 2022

MBA Letter to Agencies Targets Topline CRA Issues

Mortgage Bankers Association – Mike Sorohan

The Mortgage Bankers Association contacts federal regulatory agencies to discuss topline issues crucial to improving the current Community Reinvestment Act plan.

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Industry News | August 09, 2022

July Mortgage Credit Availability at 9-Year Low

Mortgage Bankers Association

According to the Mortgage Bankers Association, mortgage credit availability dropped for the fifth straight month in July to its lowest level in nine years

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Agency | GSE News | August 08, 2022

FHA Mortgagee Letter 2022-12 Reserve for Replacement Lender Delegation

In this mortgagee letter, the U.S. Department of Housing and Urban Development provides all FHA -approved multifamily mortgagees and servicers with the consciousness and direction of the Reserve for Replacement (RFR) Lender Delegation policy.

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Industry News | August 05, 2022

Reverse Mortgage Market May Be Teetering on Collapse

The Orange County Register--Jeff Lazerson

Rising interest rates, FHA mortgage insurance premiums and large rebates to loan originators are not leaving senior borrowers much opportunity to pull out cash from their equity.

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Agency | GSE News | August 05, 2022

FHFA 60-Day Notice of Submission of Information Collection "Affordable Housing Program" for OMB Approval

The FHFA, as part of its continuing effort to reduce paperwork and respondent burden, invites public comments on an information collection titled the “Affordable Housing Program".

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Agency | GSE News | August 05, 2022

RHS Issues Proposed Rule for the Single Family Housing Guaranteed Loan Program

RHS is proposing to amend regulations that would grant SFHGLP delegated lenders the authority to make loans and issue the Loan Note Guarantees after closing using automated loan underwriting and closing systems.

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