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 26, 2022

HUD NO. 22-103 HUD Announces Disaster Assistance For Kansas Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) implements federal disaster assistance to State and local recovery efforts in the areas of Kansas affected by severe winter storms and straight-line winds from March 17 to March 22, 2022.

View Source

Agency | GSE News | May 26, 2022

Freddie Mac: Our Latest Loan Product Advisor® Feedback Message Updates Help You Make Faster Decisions

Freddie Mac released Loan Product Advisor® (LPA℠) Feedback Messages updates to help lenders make faster decisions.

View Source

Are You Up to Date?

Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.

Search Now

Federal Legislation | May 26, 2022

CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms

The CFPB confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons an application for credit was denied or had other adverse actions, even if the creditor is relying on credit models using complex algorithms.

View Source

Federal Legislation | May 26, 2022

New CFPB interpretive rule outlines broad state CFPA enforcement authority

Ballard Spahr, LLP--Michael Gordon

The CFPB has issued a new interpretive rule authorizing state attorneys general and state regulators to enforce the Consumer Financial Protection Act.

View Source

Industry News | May 26, 2022

Private Mortgage Insurers Transfer Risk on $2.8T of Coverage

DS News - Kyle G. Horst

The U.S. Mortgage Insurers (USMI), has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance in force from 2015-to 2021.

View Source

Agency | GSE News | May 26, 2022

Federal Housing Finance Agency (FHFA) Announces Updated AMI Limits

The Federal Housing Finance Agency (FHFA) announced updates to the area median income (AMI) limits which are used to determine whether a borrower’s annual qualifying income meets the income eligibility requirements for Home Possible® or Refi PossibleSM mortgages.

View Source
MACU News Hub Page Adv4

Improve loan quality with ACES

With CFPB complaints on the rise, learn how ACES can keep you compliant in real time.

Book a Demo

State News | May 25, 2022

NYDFS issues industry letter on reverse mortgage lending

Buckley Infobytes Blog

The New York Department of Financial Services (NYDFS) issued an industry letter on May 17, reminding all institutions engaged in reverse mortgage lending in the state that existing regulatory framework for reverse mortgages will also apply to cooperative apartment loans made after Section 6-O*2 of the New York Banking Law takes effect on May 30.

View Source

Federal Legislation | May 25, 2022

OCC Issues Third and Fourth Quarter 2022 CRA Evaluation Schedule

The Office of the Comptroller of the Currency (OCC) released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2022.

View Source
ROI infographic image

ACES Impact: ROI Infographic

ACES Customers Achieve Proven, Measurable ROI

View Infographic

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now