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, Disaster News | October 19, 2020

Freddie Mac Bulletin 2020-40 Extension of COVID-19-Related Selling Flexibilities

Freddie Mac Bulletin 2020-40 extends the effective date for the following temporary flexibilities for mortgages with application received dates through November 30, 2020: employed income 10-day preclosing verifications; appraisal and GreenCHOICE Mortgages®; condominium projects; and power of attorneys.

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Agency | GSE News, Disaster News | October 19, 2020

Fannie Mae Lender Letter LL-2020-04 – Impact Covid-19 Appraisals (Updated)

Fannie Mae has updated LL-2020-04 to the application dates eligible for these temporary flexibilities to November 30, 2020, unless otherwise noted.

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Agency | GSE News, Disaster News | October 19, 2020

Fannie Mae Lender Letter LL-2020-03 – Impact Covid-19 Originations (Updated)

Fannie Mae has updated LL-2020-03 to extend the verbal verifications of employment and power of attorney flexibilities to November 30, as well as move the remote online notarization policies into the Selling Guide.

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Agency | GSE News | October 19, 2020

USDA SFH Guaranteed Loan Program URLA/ULAD Follow-up Readiness Assessment

This assessment is to see lender and vendor plans to support the new URLA mandate, understand capabilities to export the FNMA DU MISMO 3.4 v1.8.1 file from their Loan Origination System (LOS)/Point of Sale (POS) systems and timing into the new Guaranteed Underwriting System (GUS) user interface (UI).

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Legal News | October 19, 2020

Mortgage scammer concocts new scam while serving sentence for old scam

Mortgage Professional America--Ryan Smith

Christopher D. Hales was jailed in 2011 for mortgage fraud and was released in 2018 to a halfway house as per his sentence where he started another scam including wire fraud and money laundering conspiracy.

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Industry News | October 19, 2020

CoreLogic exits reseller business

Mortgage Professional America – Candyd Mendoza

CoreLogic exited the reseller business as part of a tactical plan to decrease its exposure to mortgage market instability impact.

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Federal Legislation | October 19, 2020

CFPB Publishes 2021 Reportable HMDA Data: A Regulatory and Reporting Overview Reference Chart

The CFPB published a reference tool for HMDA data required to be collected and recorded in 2021 and reported in 2022.

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Agency | GSE News | October 19, 2020

Fannie Mae Software Subscription Agreement Master Terms and Conditions Updated

Fannie Mae released an updated Software Subscription Agreement Master Terms and Conditions agreement.

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