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 | January 19, 2021

Economy ‘Ready to Take Off’ in 2021

DS News -- Christina Hughes Babb

According to Fannie Mae's Economic and Strategic Research (ESR) Group, expects America's economy to grow in 2021.

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State News | January 19, 2021

California Home Sales and Prices Continue Rising

M Report – Phil Hall

According to a recent report published by the California Association of Realtors (CAR), the California housing market closed in 2020 with a vibrant sales rate and a fifth record-high median price in December, despite the hurdles stemming from the pandemic.

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Industry News | January 19, 2021

Black Knight Debuts Correspondent Lending Platform

M Report -- Phil Hall

Black Knight Inc., a Jacksonville, Florida-based company, reveals Seller Digital, a correspondent lending platform designed for lenders seeking to track commitment pipelines, manage conditions, and validate pricing to register and lock Best Efforts loans and allocate Mandatory loans to commitments.

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Industry News | January 19, 2021

Reverse Mortgage Retail, Wholesale Volume See Similar Drops in November

Reverse Mortgage Daily – Chris Clow

According to a recent Home Equity Conversion Mortgage (HECM) Originators report from Reverse Market Insight (RMI), HECM endorsements fell in November 2020.

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Industry News | January 18, 2021

Biden nominates Rohit Chopra to head CFPB

Housingwire--Kelsey Ramírez

President elect Joe Biden has announced Rohit Chopra, the FTC Commissioner , as the head of the Consumer Financial Protection Bureau.

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Agency | GSE News | January 18, 2021

Fannie Mae Cash Remittance System Release Notes

Fannie Mae releases notes for upcoming changes to its Cash Remittance System (CRS) effective March 08, 2021.

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Legal News | January 15, 2021

FinCEN Updates: FinCEN Announces $390,000,000 Enforcement Action Against Capital One, National Association for Violations of the Bank Secrecy Act

FinCEN announced that Capital One, National Association has been assessed a $390,000,000 civil money penalty for engaging in both willful and negligent violations of the Bank Secrecy Act and its implementing regulations.

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Legal News | January 15, 2021

Consumer Financial Protection Bureau Sues 1st Alliance Lending, LLC and Its Principals for Alleged Unlawful Mortgage Lending Practices

The CFPB filed a lawsuit against 1st Alliance Lending, LLC and its principals for allegedly engaging in various unlawful mortgage-lending practices, including violation of the Truth in Lending Act (TILA), the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA), the Mortgage Acts and Practices—Advertising Rule (MAP Rule), and the Consumer Financial Protection Act of 2010 (CFPA).

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