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, Disaster News | January 20, 2021

USDA Extends Eviction Moratorium, Foreclosure Moratorium, and Mortgage Forbearance Deadline to March 31, 2021

USDA announced an extension to the foreclosure and eviction moratoriums, as well as the first legal action and reasonable diligence timelines until March 31, 2021; additionally, lenders may approve the initial 180-day COVID-19 Forbearance no later than the earlier of the termination date of the national emergency declared by the President on March 13, 2020 or March 31, 2021.

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Federal Legislation | January 20, 2021

NCUA Approves Final Rule on Supervisory Guidance

NCUA approved a final rule on supervisory guidance, codifying a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance and reaffirms that the credit union regulator “will continue to follow and respect the limits of administrative law”.

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Agency | GSE News | January 20, 2021

FHA INFO #21-04 FHA to Permit DACA Status Recipients to Apply for FHA Insured Mortgages

Effective immediately, FHA is permitting individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) with the U.S. Citizenship & Immigration Service (USCIS) and are legally permitted to work in the U.S. are eligible to apply for mortgages backed by the FHA.

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Agency | GSE News | January 20, 2021

Fannie Mae Servicing Guide Announcement (SVC-2021-01)

Fannie Mae announces guide updates to address: automatic reclassification time frame for delinquent MBS mortgage loans; an update to delinquency status reporting for a disaster payment deferral; and updates to policies on remote online notarizations for the purpose of servicing or modifying a mortgage loan.

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Agency | GSE News, Disaster News | January 20, 2021

Fannie Mae Lender Letter (LL-2021-02) Impact of COVID-19 on Servicing

Fannie Mae extended the suspension of foreclosure-related activities, including foreclosure sales (excluding vacant or abandoned properties), through February 28, 2021; additionally, content within the Lender Letter has been reorganized and/or removed, where applicable.

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Agency | GSE News, Disaster News | January 20, 2021

Freddie Mac Bulletin 2021-3 Extension of COVID-19 Foreclosure Moratorium

Freddie Mac has extended the foreclosure moratorium announced in Guide Bulletins 2020-4, 2020-10, 2020-16, 2020-25, 2020-34 and 2020-46, suspending all foreclosure actions, including foreclosure sales (excluding vacant or abandoned properties), through February 28, 2021.

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Agency | GSE News | January 20, 2021

​FHFA Suspended Counterparty Program Updated

FHFA published an updated list of each person that is currently suspended under the Suspended Counterparty Program.

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Legal News | January 20, 2021

OFAC Notice of OFAC Sanctions Actions

OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.

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