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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.
A 72 year old resident of New Orleans, Louisiana, was sentenced on August 4, 2022 for mortgage fraud and sentenced to time served, 5 years of supervised release, $751,900 in restitution, and a mandatory $100 special assessment fee.
View SourceThe U.S. Department of Housing and Urban Development (HUD) has awarded the Town of Babylon in the State of New York a nearly $3 million loan guarantee to create a multi-purpose greenhouse public facility.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Mortgage Bankers Association – Mike Sorohan
The Mortgage Bankers Association contacts federal regulatory agencies to discuss topline issues crucial to improving the current Community Reinvestment Act plan.
View SourceMortgage Bankers Association
According to the Mortgage Bankers Association, mortgage credit availability dropped for the fifth straight month in July to its lowest level in nine years
View SourceIn this mortgagee letter, the U.S. Department of Housing and Urban Development provides all FHA -approved multifamily mortgagees and servicers with the consciousness and direction of the Reserve for Replacement (RFR) Lender Delegation policy.
View SourceThe Orange County Register--Jeff Lazerson
Rising interest rates, FHA mortgage insurance premiums and large rebates to loan originators are not leaving senior borrowers much opportunity to pull out cash from their equity.
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The FHFA, as part of its continuing effort to reduce paperwork and respondent burden, invites public comments on an information collection titled the “Affordable Housing Program".
View SourceRHS is proposing to amend regulations that would grant SFHGLP delegated lenders the authority to make loans and issue the Loan Note Guarantees after closing using automated loan underwriting and closing systems.
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