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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.
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.
View SourceBallard Spahr LLP--Alan S. Kaplinsky
President Biden has appointed David Uejio to serve as Acting CFPB Director.
View SourceSearch our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Mortgage Professional America--David Kitai
US new construction climbed by 5.8% in December ending the year at its best pace since late 2006.
View SourceMortgage Bankers Association
According to ATTOM Data Solutions, almost a year of the coronavirus pandemic's onset, the housing markets in the Northeast and other parts of the East Coast remained most at risk during the fourth quarter.
View SourceDS News – Christina Hughes Babb
The U.S. Department of Housing and Urban Development (HUD) proposes a new rule for the National Standard for Physical Inspection of Real Estate (NSPIRE).
View SourceReverse Mortgage Daily – Chris Clow
Kathleen Kraninger has resigned as Director of the Consumer Financial Protection Bureau (CFPB), reportedly at the Joe Biden administration's request.
View SourceUSDA announced an extension to the foreclosure and eviction moratoriums, as well as the first legal action and reasonable diligence timelines until March 31, 2021; additionally, lenders may approve the initial 180-day COVID-19 Forbearance no later than the earlier of the termination date of the national emergency declared by the President on March 13, 2020 or March 31, 2021.
View SourceNCUA approved a final rule on supervisory guidance, codifying a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance and reaffirms that the credit union regulator “will continue to follow and respect the limits of administrative law”.
View Source