The Compliance NewsHub

State News | October 29, 2020

More New Yorkers want to flee to no-income-tax states – Redfin

Mortgage Professional America -- Candyd Mendoza

Californians and New Yorkers want to migrate to no-income-tax states like Florida in the third quarter.

Industry News | October 29, 2020

Zombie Property Totals Down in Q4

DS News- Christina Hughes Babb

According to ATTOM Data Solutions' recent report, about 1.6 million U.S. residential properties are vacant.

Federal Legislation | October 29, 2020

NCUA Issues Proposed Rule - Derivatives Rule

NCUA issued a proposed rule to amend the NCUA's Derivatives rule. This proposed rule is intended to modernize the NCUA's Derivatives rule and make it more principles-based; comments are due by December 28, 2020.

Disaster News | October 29, 2020

Updates on Statewide Foreclosure and Eviction Moratoria

DS News- Christina Hughes Babb

The JDSupra legal news sites provide the most-recent statewide updates on Foreclosure and Eviction Moratoria.

Agency | GSE News | October 29, 2020

Extension of Re-verification of Employment Guidance and Updated Appraisal Scope of Work Option Extended to December 31, 2020

Federal Housing Administration (FHA) announced Extension of Re-verification of Employment Guidance and Updated Appraisal Scope of Work Option Extended to December 31, 2020

Legal News, State News | October 28, 2020

Massachusetts federal court stays effective date and enjoins enforcement of HUD final rule revising FHA disparate impact standards; 2 other lawsuits filed challenging rule

Ballard Spahr LLP--Christopher J. Willis & Richard J. Andreano, Jr.

Massachusetts federal district court has stayed HUD's 2020 rule revising its 2013 Fair Housing Act disparate impact standards.

Industry News | October 28, 2020

To fight terrorism, FinCEN and Federal Reserve Board request comment on proposed major expansion of recordkeeping and travel rules for international transfers

Ballard Spahr LLP--Peter D. Hardy

FinCEN and the Federal reserve Board are proposing and requesting comment on a proposed change to include virtual currency in the BSA's definition of money.

Legal News | October 28, 2020

Guild Mortgage: DOJ allegations are 'without merit'

Mortgage Professional America--Ryan Smith

Guild Mortgage Company denies there is any merit to the Justice Department's allegations of False Claims Act violations, despite settling for $25 million.