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 | November 29, 2021

FHFA Announces Deemed-Issuance Ratio for 2022

The Federal Housing Finance Agency (FHFA) released the deemed-issuance ratio for the 2022 calendar year following the Internal Revenue Service (IRS) rules on the trading of the Uniform Mortgage-Backed Security (UMBS).

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Legal News | November 29, 2021

Florida Woman Convicted of COVID-19 Relief Fraud

On November 24, 2021, Keyaira Bostic of Pembroke Pines, Florida, was convicted for fraudulently obtaining a Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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Federal Legislation | November 29, 2021

OCC Issues First and Second Quarter 2022 CRA Evaluation Schedule

The Comptroller of the Currency (OCC) published its schedule of Community Reinvestment Act (CRA) evaluations to be performed in the first and second quarters of 2022.

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Agency | GSE News | November 29, 2021

USDA Temporary Authorization Single Family Housing Direct Programs

The USDA has issued an unnumbered Letter (UL) providing temporary authorization to accept appraisals obtained by self-help grantees, certified loan application packagers, agency-approved intermediaries, and leveraged or other participating lenders subject to conditions.

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Industry News | November 29, 2021

Fraud Risk Down Due to More Refinance Volume

DS News--Kyle G. Horst

The CoreLogic Quarterly Mortgage Fraud Brief reveals that overall mortgage fraud decreased due to an increase in refinance loans and details the highest fraud risk metro areas.

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State News | November 29, 2021

CA DFPI Requests Comment on Proposal Requiring Registration for Certain Financial Services Companies

Comments are requested by the California DFPI and due on December 20, 2021 regarding a proposal to require registration for the following industries: debt settlement services; student debt relief services; education financing; and wage-based advances.

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Agency | GSE News | November 24, 2021

Fannie Mae Reverse Mortgage Servicers Use of Cash Remittance System™ (CRS™)

As a reminder, Fannie Mae announced that servicers are required to use Cash Remittance System™ (CRS™) to add, make updates to, or cancel drafting instructions for reverse mortgage-related activity via the drafting instructions tab in CRS effective November 22.

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Industry News | November 24, 2021

Kansas City Fed Research Briefing on Buy Now, Pay Later Products

The Federal Reserve Bank of Kansas City issued a briefing on features of BNPL products, including risks and benefits to both merchants and consumers.

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