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The Compliance NewsHub
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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.
In this notice, Fannie Mae published its latest Document Transfer Job Aid effective October 2021 for its processes changes to be implemented by December 1, 2021.
View SourceMortgage Professional America -- Candyd Mendoza
According to CoreLogic's recent report, there was a 37.2% year-over-year spike in mortgage fraud risk in the second quarter.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Fannie Mae has posted the October Appraiser Quality Monitoring (AQM) list to the Appraiser Quality Monitoring page.
View SourceFannie Mae has revised the definition of Note in the Tennessee security instrument standard and short forms (Forms 3043 and 3043-SF) to remove redundant language, as well as updated the instructions to the Multistate SOFR ARM riders (Forms 3441 and 3442) to clarify the Pennsylvania authorized changes.
View SourceThis edition of Fannie Mae's Quality Insider highlights a notable increase in eligibility violations in the key defect categories of incorrect income calculations, borrower not employed, and undisclosed liabilities observed in early 2021 post-purchase loan reviews performed and provides actions that lenders should take.
View SourceThe Federal Housing Finance Agency (FHFA or the Agency) is seeking comments on a notice of proposed rulemaking (proposed rule) that would introduce new standardized approach disclosure requirements for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and with Fannie Mae, each an Enterprise), including disclosures related to regulatory capital instruments and risk-weighted assets calculated under the Enterprise Regulatory Capital Framework (ERCF).
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Mortgage Bankers Association
According to a new report from Arbor Realty Trust and Chandan Economics, Sun Belt multifamily markets, including Las Vegas, Dallas, and Miami, are well-positioned for 2022.
View SourceMortgage Bankers Association
The Mortgage Bankers Association sent a letter to the Federal Housing Finance Agency (FHFA), recommending to improve GSE’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.
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