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 | April 21, 2021

Fannie Mae Streamlining Loss Mitigation Valuations

Fannie Mae announced that effective April 19, servicers must use the Servicing Management Default Underwriter™ (SMDU™) user interface to retrieve the results of valuation requests for short sales, Mortgage Releases™, and/or Reserve Price Bid Instructions placed via the Valuation Management System (VMS).

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Agency | GSE News | April 21, 2021

Fannie Mae April AQM List Posted

Fannie Mae has posted the April Appraiser Quality Monitoring (AQM) list.

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Agency | GSE News | April 21, 2021

Fannie Mae Lender Letter (LL-2021-04) Impact of COVID-19 on Appraisals - Updated

Fannie Mae has updated LL-2021-04 to extend the effective date of appraisal flexibilities through May 31, 2021, which will be the final extension for these flexibilities.

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Agency | GSE News, Disaster News | April 21, 2021

Freddie Mac Bulletin 2021-15 Selling Updates Related to COVID-19 – Extension with Notice of Expiration

Freddie Mac Bulletin 2021-15 extends the effective date through May 31, 2021, for appraisal flexibilities; completion report flexibilities, including builder certification and GreenCHOICE® Mortgage flexibilities; and CHOICERenovation® Mortgage flexibilities.

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Disaster News | April 21, 2021

SBA Updated Notice on First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act

The Small Business Administration (SBA) extended the Paycheck Protection Program application period through May 31, as well as the SBA processing period an additional 30 days.

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Industry News | April 21, 2021

MBA Letter Outlines Support, Concerns for Housing-Related Bills

Mortgage Bankers Association – Mike Sorohan

The Mortgage Bankers Association sent a letter expressing support–and concern–for several bills under the Committee’s consideration.

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State News, Disaster News | April 21, 2021

New York COVID-19 Forbearance Extension Period

New York Senate Bill 2508 PART LL extends the "covered period" for forbearance of residential mortgage payments from March 7, 2020, until the latter of December 31, 2021, or the date on which COVID-19 Executive Orders continue to apply in the county of the qualified mortgagor's residence.

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Agency | GSE News | April 21, 2021

Fannie Mae is taking steps to address this industry's stark diversity problem

Mortgage Professional America – David Kitai

Fannie Mae is using its position to diversify the housing industry.

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