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

Legal News | January 22, 2021

CFPB Supervisory Highlights, COVID-19 Prioritized Assessments Special Edition (Issue 23)

The CFPB issued a special edition of Supervisory Highlights, noting observations in its prioritized assessment (PA) supervisory work conducted during 2020 after the sudden onset of the COVID-19 pandemic.

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Federal Legislation | January 22, 2021

White House Memorandum: Regulatory Freeze Pending Review

The White House, under President Biden's Administration, issued a memorandum to the Heads of Executive Departments and Agencies, to immediately cease the issuance of any proposed or final rules until such time as the rule has been reviewed and approved by the department or agency head appointed or designated by the President.

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State News | January 22, 2021

Georgia Adopts Rules Regarding General Licensing Requirements

The Georgia Department of Banking and Finance adopted new licensing provisions effective January 28, 2021.

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Industry News | January 22, 2021

MBA, Trade Groups Ask Biden to Create $25 Billion Housing Assistance Fund

Mortgage Bankers Association – Mike Sorohan

The Mortgage Bankers Association and industry trade groups, community organizations, and real estate businesses ask for President Joseph Biden Jr. to Include a $25 billion Housing Assistance Fund as a portion of the Administration’s proposed $1.9 trillion pandemic relief.

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Industry News | January 22, 2021

Improving Housing Policy for Seniors, People of Color

DS News – Christina Huges Babb

Laurie Goodman, Vice President of Housing Finance Policy, examines the future of household growth, headship rate, and the homeownership rate through 2040.

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Industry News | January 22, 2021

2020 ends with 3.4 million loans in delinquency

Housing Wire – Alex Roha

According to a recent report from Black knight, 2020 ends with 3.4 million loans in delinquency.

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Agency | GSE News, Disaster News | January 22, 2021

FHA Mortgagee Letter 2021-03 Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency

FHA Mortgagee Letter 2021-03 announces an extension to the foreclosure and eviction moratorium originally issued in ML 2020-04, extended in MLs 2020-13 and 2020-19, 2020-27, and further extended in ML 2020-43 for borrowers with FHA-insured Single Family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through March 31, 2021.

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Agency | GSE News | January 21, 2021

USDA Advance Copy Notice: HB-1-3555, Form RD 3555-21, and Appendix 7

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.

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