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.
Freddie Mac Bulletin 2020-40 extends the effective date for the following temporary flexibilities for mortgages with application received dates through November 30, 2020: employed income 10-day preclosing verifications; appraisal and GreenCHOICE Mortgages®; condominium projects; and power of attorneys.
View SourceFannie Mae has updated LL-2020-04 to the application dates eligible for these temporary flexibilities to November 30, 2020, unless otherwise noted.
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Fannie Mae has updated LL-2020-03 to extend the verbal verifications of employment and power of attorney flexibilities to November 30, as well as move the remote online notarization policies into the Selling Guide.
View SourceThis assessment is to see lender and vendor plans to support the new URLA mandate, understand capabilities to export the FNMA DU MISMO 3.4 v1.8.1 file from their Loan Origination System (LOS)/Point of Sale (POS) systems and timing into the new Guaranteed Underwriting System (GUS) user interface (UI).
View SourceMortgage Professional America--Ryan Smith
Christopher D. Hales was jailed in 2011 for mortgage fraud and was released in 2018 to a halfway house as per his sentence where he started another scam including wire fraud and money laundering conspiracy.
View SourceMortgage Professional America – Candyd Mendoza
CoreLogic exited the reseller business as part of a tactical plan to decrease its exposure to mortgage market instability impact.
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Get QC insights from experts to stay informed during unpredictable times.
Register NowThe CFPB published a reference tool for HMDA data required to be collected and recorded in 2021 and reported in 2022.
View SourceFannie Mae released an updated Software Subscription Agreement Master Terms and Conditions agreement.
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How to turn your Quality Control Team into a revenue retention department.
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