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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.
Mortgage Bankers Association – Mike Sorohan
The Mortgage Bankers Association and industry trade groups, community organizations, and real estate businesses ask for President Joseph Biden Jr. to Include a $25 billion Housing Assistance Fund as a portion of the Administration’s proposed $1.9 trillion pandemic relief.
View SourceDS News – Christina Huges Babb
Laurie Goodman, Vice President of Housing Finance Policy, examines the future of household growth, headship rate, and the homeownership rate through 2040.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Housing Wire – Alex Roha
According to a recent report from Black knight, 2020 ends with 3.4 million loans in delinquency.
View SourceFHA Mortgagee Letter 2021-03 announces an extension to the foreclosure and eviction moratorium originally issued in ML 2020-04, extended in MLs 2020-13 and 2020-19, 2020-27, and further extended in ML 2020-43 for borrowers with FHA-insured Single Family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through March 31, 2021.
View SourceThe “New GUS” will be implemented on March 1, 2021and in preparation, several chapters in Handbook 1-3555 will be updated and USDA is providing 30 days to review the upcoming proposed changes to HB-1-3555, Chapters 2, 5, 8, 10, 12, 15, Form RD 3555-21, and Appendix 7.
View SourceBallard Spahr LLP--Alan S. Kaplinsky
President Biden has appointed David Uejio to serve as Acting CFPB Director.
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Mortgage Professional America--David Kitai
US new construction climbed by 5.8% in December ending the year at its best pace since late 2006.
View SourceMortgage Bankers Association
According to ATTOM Data Solutions, almost a year of the coronavirus pandemic's onset, the housing markets in the Northeast and other parts of the East Coast remained most at risk during the fourth quarter.
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