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The “New GUS” will be implemented on March 1, 2021and in preparation, several chapters in Handbook 1-3555 will be updated and USDA is providing 30 days to review the upcoming proposed changes to HB-1-3555, Chapters 2, 5, 8, 10, 12, 15, Form RD 3555-21, and Appendix 7.
View SourceBallard Spahr LLP--Alan S. Kaplinsky
President Biden has appointed David Uejio to serve as Acting CFPB Director.
View Source
Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Mortgage Professional America--David Kitai
US new construction climbed by 5.8% in December ending the year at its best pace since late 2006.
View SourceMortgage Bankers Association
According to ATTOM Data Solutions, almost a year of the coronavirus pandemic's onset, the housing markets in the Northeast and other parts of the East Coast remained most at risk during the fourth quarter.
View SourceDS News – Christina Hughes Babb
The U.S. Department of Housing and Urban Development (HUD) proposes a new rule for the National Standard for Physical Inspection of Real Estate (NSPIRE).
View SourceReverse Mortgage Daily – Chris Clow
Kathleen Kraninger has resigned as Director of the Consumer Financial Protection Bureau (CFPB), reportedly at the Joe Biden administration's request.
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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.
View SourceNCUA 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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