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 | October 28, 2021

Document Custodian Notice RDC-2021-06

In this notice, Fannie Mae published its latest Document Transfer Job Aid effective October 2021 for its processes changes to be implemented by December 1, 2021.

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Industry News | October 28, 2021

Report reveals significant increase in mortgage fraud risk

Mortgage Professional America -- Candyd Mendoza

According to CoreLogic's recent report, there was a 37.2% year-over-year spike in mortgage fraud risk in the second quarter.

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Agency | GSE News | October 27, 2021

Fannie Mae October Appraiser Quality Monitoring (AQM) List

Fannie Mae has posted the October Appraiser Quality Monitoring (AQM) list to the Appraiser Quality Monitoring page.

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Agency | GSE News | October 27, 2021

Fannie Mae Revised Tennessee security instruments and updated Multistate SOFR ARM rider instructions

Fannie Mae has revised the definition of Note in the Tennessee security instrument standard and short forms (Forms 3043 and 3043-SF) to remove redundant language, as well as updated the instructions to the Multistate SOFR ARM riders (Forms 3441 and 3442) to clarify the Pennsylvania authorized changes.

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Agency | GSE News | October 27, 2021

Fannie Mae Quality Insider: Top quality control defect trends – take action

This edition of Fannie Mae's Quality Insider highlights a notable increase in eligibility violations in the key defect categories of incorrect income calculations, borrower not employed, and undisclosed liabilities observed in early 2021 post-purchase loan reviews performed and provides actions that lenders should take.

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Federal Legislation | October 27, 2021

FHFA Proposed Rulemaking: Amendments to the Enterprise Regulatory Capital Framework Rule – Public Disclosures for the Standardized Approach

The Federal Housing Finance Agency (FHFA or the Agency) is seeking comments on a notice of proposed rulemaking (proposed rule) that would introduce new standardized approach disclosure requirements for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and with Fannie Mae, each an Enterprise), including disclosures related to regulatory capital instruments and risk-weighted assets calculated under the Enterprise Regulatory Capital Framework (ERCF).

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Lender slashes review times by 75%

Consumer Lender Exceeds Expectations with ACES

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Industry News | October 27, 2021

Sun Belt Dominates Healthy Multifamily Markets

Mortgage Bankers Association

According to a new report from Arbor Realty Trust and Chandan Economics, Sun Belt multifamily markets, including Las Vegas, Dallas, and Miami, are well-positioned for 2022.

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Industry News | October 27, 2021

MBA Offers Recommendations on FHFA GSE Equitable Housing Finance Plans

Mortgage Bankers Association

The Mortgage Bankers Association sent a letter to the Federal Housing Finance Agency (FHFA), recommending to improve GSE’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.

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ACES Impact: ROI Infographic

ACES Customers Achieve Proven, Measurable ROI

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