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 | May 07, 2021

Freddie Mac New and Upcoming Loan Selling Advisor® Enhancements & Restrictions

Freddie Mac announces upcoming Loan Selling Advisor® enhancements including GSE Overall Condition Type of C5 and C6 appraisal restrictions, Cash-Released XChange® SRP Pricing based on property usage type, and the CMT-indexed ARMs retirement.

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Legal News | May 07, 2021

12 indicted in alleged Southern California ‘green’ loan and mortgage fraud scheme

Los Angeles Daily News--City News Service

Twelve people have been indicted in alleged a Southern California ‘green’ loan and mortgage fraud scheme with a variety of charges including conspiracy, mortgage fraud, grand theft, identity theft, forgery, filing a false or forged document and money laundering.

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Agency | GSE News | May 07, 2021

FHA INFO #21-28 Clarification Regarding the Review of Borrowers in a Pandemic-Related Forbearance for a COVID-19 Loss Mitigation Option

FHA is providing clarification when it is appropriate to begin reviewing borrowers for COVID-19 loss mitigation options.

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Federal Legislation | May 07, 2021

CFPB Settles With Reverse Mortgage Lender Over Advertising Violations

Weiner Brodsky Kider PC

The CFPB entered into a consent order with a reverse mortgage lender over advertising violations.

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Industry News | May 07, 2021

Mortgage Rates Continue Trend to Refi-Friendly Lows

M Report – Eric C. Peck

According to the Freddie Mac report, mortgage rates remain under 3%.

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Industry News | May 07, 2021

FHFA Seeks Input on Short-Term Rentals

DS News -- Christina Hughes Babb

GESs policies for short-term projects are similar, but there are some differences between how each determines project eligibility.

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Industry News | May 07, 2021

Local Investors Drive Record Demand for Foreclosures

Mortgage Bankers Association -- Michael Tucker

A recent report issued by Auction reported more than three out of four distressed property buyers are local investors, and almost nine in ten purchased five or fewer investment properties in 2020.

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Agency | GSE News | May 06, 2021

FHA Mortgagee Letter 2021-11 Amendments to HUD’s Non-Borrowing Spouse Policy for all Home Equity Conversion Mortgage (HECM) Loans

This Mortgagee Letter amends regulations for Home Equity Conversion Mortgages (HECMs) regarding Non-Borrowing Spouses.

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