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 | June 11, 2021

Fannie Mae in massive retained mortgage portfolio sale

Mortgage Professional America – Candyd Mendoza

Fannie Mae has announced its 21st reperforming loan sale to reduce its retained mortgage portfolio size.

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Agency | GSE News | June 11, 2021

Fannie Mae gives go-ahead for digital verification

HousingWire – Georgia Kromrei

Fannie Mae announced they are giving mortgage servicers the go-ahead to use third-party digital vendors to verify income and asset information.

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Industry News | June 11, 2021

Number of Underwater Homes Took a Dip in Q1

DS News – Eric C. Peck

CoreLogic’s Q1 Homeowner Equity Report shows U.S. homeowners with mortgages have seen their equity grow by 19.6% year-over-year, representing a collective equity gain of more than $1.9 trillion and an average of $33,400 per borrower since Q1 of 2020.

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Disaster News | June 10, 2021

FDIC FIL-40-2021 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Louisiana Affected by Severe Storms, Tornadoes, and Flooding

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana affected by severe storms, tornadoes, and flooding.

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State News | June 10, 2021

Maryland Enacts Provisions Regarding Powers of Attorney

Maryland House Bill 1261 alters certain provisions of law related to the execution of wills, powers of attorney, and advance directives to authorize the electronic execution and remote witnessing of those documents under certain circumstances, provides that a will, a power of attorney, notarization of a power of attorney, or an advance directive executed in conformance with the provisions of certain executive orders shall be deemed to satisfy certain requirements under the Act, and applies the Act retroactively; effective October 1, 2021.

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Industry News | June 10, 2021

May Mortgage Credit Availability Increases by 1.4%

Mortgage Bankers Association

According to the Mortgage Bankers Association, mortgage credit availability rose in May to its highest level since the beginning of the coronavirus pandemic but stayed well below its 2019 peak levels.

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Fulton

Lender slashes review times by 75%

Consumer Lender Exceeds Expectations with ACES

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Industry News | June 10, 2021

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage Bankers Association – Adam DeSanctis

According to statistics from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 4, 2021, mortgage applications declined by 3.1% from one week ago.

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Industry News | June 10, 2021

Ginnie Mae Reports 288,000-Plus Homes Financed in May

DS News – Eric C. Peck

In May, Ginnie Mae reported more than 288,000 homes financed.

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