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

State News | November 29, 2023

Vermont Announces Declared Rate for 2024

The Declared Rate for determining high-interest/high-point home loans in Vermont will be eight percent in 2024.

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Agency | GSE News | November 29, 2023

FHA 2024 Home Equity Conversion Mortgage (HECM) Loan Limits

The Federal Housing Administration (FHA) announced that the maximum claim amount for a Home Equity Conversion Mortgage (HECM) in 2024 will increase from $1,089,300 in calendar year 2023 to $1,149,825 effective for FHA case numbers assigned on or after January 1, 2024.

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Agency | GSE News | November 29, 2023

FHA Mortgagee Letter 2023-21 2024 Nationwide Forward Mortgage Loan Limits

The Federal Housing Administration (FHA) has announced the 2024 forward mortgage loan limits.

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Agency | GSE News | November 29, 2023

2024 FHFA Conforming Loan Limits Announced

The Federal Housing Finance Agency (FHFA) announced the 2024 conforming loan limits increased by $40,350 to $766,550.

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Industry News | November 28, 2023

Foreclosure Starts Rose in October, but Remain at Historically Low Levels

DS News - Kyle G. Horst

According to the ICE monthly report mortgage performance for October 2023, it was found that foreclosure starts rose by 33,000 during the month to their highest level in 18 months.

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Federal Legislation | November 27, 2023

Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency have announced that the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400.

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LEARN WHY CLIENTS LOVE ACES

"We are already ahead of the game and without having to add additional FTEs."

- Julie Baril, QC Manager at Norcom Mortgage

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Agency | GSE News | November 27, 2023

MBA Advocacy Update Nov. 27

MBA NewsLink - Bill Killmer

Last week's advocacy efforts included the FHFA issues Final Rule Amending Enterprise Regulatory Capital Framework, VA asking servicers to pause foreclosures through May 2024, FHA updating new Loss Mitigation proposal, and more.

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Agency | GSE News | November 27, 2023

Fannie Mae Servicing Transfer Approvals - Quick Exchange Enhancements

Fannie Mae announced the Quick Exchange application, used for requesting servicing and sub-servicing transfers (via Form 629 data submission), has been updated (2.1.0 release) effective 13, 2023.

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LEARN WHY CLIENTS LOVE ACES

"ACES has shined a light on our productivity and empowered us to hold our teams accountable."

- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union

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