Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
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.
MBA NewsLink
The Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey on October 5, 2022, that mortgage applications took a big hit last week, falling to their lowest level in 25 years as interest rates rose to their highest since 2006.
FHA is requesting information regarding small mortgage lending, as per the Federal Register, Docket No. FR-6342-N-01, for input regarding mortgages with small principal balances and the distinct challenges they are for mortgage originators and servicers and their impact on underserved communities.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
HB-1-3555 Chapter 4 was revised to make minor grammatical and formatting changes, correct discrepancies, and provide clarification for easier understanding of guidance.
View SourceDENVER, Colo., Oct 4, 2022—ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced that mortgage lending and servicing start-up Valon has selected ACES’ flagship audit platform ACES Quality Management & Control® Software to support the company’s mortgage servicing quality control (QC) audits, completing implementation within 28 business days.
View SourceMBA NewsLink
Black Knight reports home prices decreased in August for the second consecutive month.
View SourceMBA NewsLink
Redfin reported that the average homebuyer’s monthly mortgage payment has increased by $337 (15%) over the past six weeks.
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"Of all the systems and vendors we vetted, ACES had what we needed to accomplish from start to finish."
- Wesley Klepfer, Compliance Program Director at Celink
MBA Newslink--Bill Killmer; Pete Mills
This weeks update includes information on housing sustainability and affordability, duty to serve, agency and state updates and more.
View SourceThe CFPB filed a complaint against MoneyLion Technologies, Inc. and the MoneyLion lending subsidiaries for allegedly violating the Military Lending Act and the Consumer Financial Protection Act by imposing excessive charges on loans to servicemembers and their dependents.
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With CFPB complaints on the rise, learn how ACES can keep you compliant in real time.