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

Industry News | November 28, 2022

MBA Advocacy Update Nov. 28, 2022

MBA Newslink--Bill Killmer; Pete Mills

This week’s update includes information on FHA mandatory flood insurance requirements, withdrawal of the mandatory use date for its FHA Catalyst EAD Module, and MBA participation in a follow-up White House Meeting on Tenant Protections.

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Industry News | November 23, 2022

October New Residential Sales Reported by HUD and Census Bureau

The monthly report of new residential home sales for October 2022 was issued by HUD and the US Census Bureau.

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Industry News | November 23, 2022

Fannie Mae: Economy Forecasted to Enter Modest Recession Through Q2 2023 Before Rebounding

In a November 21, 2022 press release, Fannie Mae's Economic and Strategic Research (ESR) Group forecasts that economic growth will decline through the end of Q4 2022 and continue into a modest recession through Q2 2023 before rebounding.

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Federal Legislation | November 22, 2022

CFPB: FCRA Charge Annual Adjustment

The annual adjustment for the maximum "reasonable charge" on a consumer for making a disclosure to the consumer pursuant to section 609 of the FCRA is increased from $13.50 to $14.50 for 2023.

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Agency | GSE News | November 22, 2022

FHA ML 2022-19: Mandatory Use Date for the FHA Catalyst: Electronic Appraisal Delivery (EAD) Module Rescinded

This Mortgagee Letter (ML) rescinds ML 2021-23, Mandatory Transition to the FHA Catalyst: EAD Module for FHA Single Family Appraisals, and ML 2022-04, Update to the Mandatory Use Date for the FHA Catalyst: EAD Module.

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Industry News | November 22, 2022

MISMO Updates eModification Reference Flyer

MBA Newslink--Caitlin Groves

MISMO® announced an updated version of its eModification Reference Flyer, an industry resource designed to help servicers and other mortgage organizations easily navigate the investor requirements for electronically-signed loan modification agreements (eModifications).

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LEARN WHY CLIENTS LOVE ACES

"Of all the systems and vendors we vetted, ACES had what we needed to accomplish from start to finish."

- Wesley Klepfer, Compliance Program Director at Celink

Hear Why

Industry News | November 22, 2022

Fannie Mae: Housing Market Downturn in 2023, Improvement in 2024

Fannie Mae has released an outlook for 2024 as we near the end of 2022 and is predicting a downturn of 0.6% in 2023 with some improvement moving into 2024.

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State News | November 21, 2022

California Senate Bill 1415 Amends the Financial Code by Requiring Reports on Overdraft Fees

A bank or credit union subject to the examination authority of the commissioner shall report annually, on or before March 1, to the commissioner on the amount of revenue earned from overdraft fees and non-sufficient funds fees collected in the most recently completed calendar year and the percentage of that revenue as a proportion of the net income of the bank or credit union.

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