Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
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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.
MBA Newslink--Bill Killmer; Pete Mills
This week’s update includes information on FHA mandatory flood insurance requirements, withdrawal of the mandatory use date for its FHA Catalyst EAD Module, and MBA participation in a follow-up White House Meeting on Tenant Protections.
View SourceThe monthly report of new residential home sales for October 2022 was issued by HUD and the US Census Bureau.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
In a November 21, 2022 press release, Fannie Mae's Economic and Strategic Research (ESR) Group forecasts that economic growth will decline through the end of Q4 2022 and continue into a modest recession through Q2 2023 before rebounding.
View SourceThe annual adjustment for the maximum "reasonable charge" on a consumer for making a disclosure to the consumer pursuant to section 609 of the FCRA is increased from $13.50 to $14.50 for 2023.
View SourceThis Mortgagee Letter (ML) rescinds ML 2021-23, Mandatory Transition to the FHA Catalyst: EAD Module for FHA Single Family Appraisals, and ML 2022-04, Update to the Mandatory Use Date for the FHA Catalyst: EAD Module.
View SourceMBA Newslink--Caitlin Groves
MISMO® announced an updated version of its eModification Reference Flyer, an industry resource designed to help servicers and other mortgage organizations easily navigate the investor requirements for electronically-signed loan modification agreements (eModifications).
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"Of all the systems and vendors we vetted, ACES had what we needed to accomplish from start to finish."
- Wesley Klepfer, Compliance Program Director at Celink
Fannie Mae has released an outlook for 2024 as we near the end of 2022 and is predicting a downturn of 0.6% in 2023 with some improvement moving into 2024.
View SourceA bank or credit union subject to the examination authority of the commissioner shall report annually, on or before March 1, to the commissioner on the amount of revenue earned from overdraft fees and non-sufficient funds fees collected in the most recently completed calendar year and the percentage of that revenue as a proportion of the net income of the bank or credit union.
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