The Compliance NewsHub

Agency | GSE News | October 21, 2020

Fannie Mae Q3 2020 Quarterly Milestones

Fannie Mae's Q3 2020 edition of the Quarterly Milestones gets you caught up with the latest technology, policy, resources, and announcements.

Agency | GSE News | October 21, 2020

Fannie Mae October AQM list posted

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

Agency | GSE News | October 21, 2020

Fannie Mae Servicing Notice Extension of Cost of Funds Index

Fannie Mae provides an alert to Servicers that the FHLBank has extended its deadline for discontinuing its monthly cost of funds index from early 2021 to early 2022, with the last published index occurring for the December 2021 COFI in January 2022.

Agency | GSE News | October 21, 2020

FHA Mortgagee Letter 2020-35 FHA Catalyst: Single Family Origination Module – Automated Underwriting System

This Mortgagee Letter announces additional functionality in FHA Catalyst for FHA Title II Single Family Forward Mortgage programs, creating a pathway where the AUS will allow the LOS to to be integrated with FHA Catalyst.

Agency | GSE News | October 21, 2020

Freddie Mac Bulletin 2020-41 Extension of the Effective Dates for the Purchase of Mortgages in COVID-19-Related Forbearance

This bulletin announces extensions to the purchase of eligible mortgages in forbearance with note dates on or before November 30, 2020 and settlement dates on or before January 31, 2021.

Agency | GSE News | October 21, 2020

Fannie Mae Lender Letter LL-2020-06 Selling Loans in Forbearance Due to COVID-19

Fannie Mae has updated LL-2020-06 to extend the flexibilities of selling loans in forbearance due to COVID-19 flexibilities of note dates to November 30 and delivery to January 31.

Legal News, State News | October 21, 2020

Newark City Council Member Charged with Scheming to Obtain Bribes and Kickbacks; Co-Schemer Admits Wire Fraud Conspiracy

Office Inspector General

U.S. Attorney Craig Carpenito announced, Josehp A. McCallum Jr., a member of the Newark Municipal City Council, was charged with scheming to obtain bribes and kickbacks.

Federal Legislation | October 21, 2020

IRS Form 4506-C IVES Request for Transcript of Tax Return

On September 19, 2020, the IRS formally published Form 4506-C (September 2020), specific for use by lenders utilizing IVES (Income Verification Express Service).