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 27, 2020

FHA Mortgagee Letter 2020-40 Extension of the End Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account

FHA has extended the effective period for ML 2020-24, concerning the utilization of flexible guidance related to verification of self-employment and verification of Rental Income for Single Family Title II Forward Mortgage and HECM Programs, and 203(k) escrow administration for the 203(k) Rehabilitation Program, in response to impacts from the Presidentially-Declared COVID-19 National Emergency, for case numbers assigned on or before December 31, 2020.

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Agency | GSE News | November 27, 2020

FHA Mortgagee Letter 2020-39 Extension of Temporary Guidance for Endorsement of Mortgages under Forbearance for Borrowers Affected by the Presidentially-Declared COVID19 National Emergency consistent with the Coronavirus Aid, Relief, and Economic Security

FHA has extended the temporary guidance published in ML 2020-16, concerning endorsement processes for mortgages where a borrower has been granted a forbearance related to the Presidentially-Declared COVID-19 National Emergency prior to the loan being endorsed for FHA Insurance, through December 31, 2020.

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Federal Legislation, Legal News | November 25, 2020

Consumer Financial Protection Bureau Launches Refreshed Website With A New Interactive Enforcement Database

The CFPB launched a refresh of its public website, which includes a new interactive enforcement database to help the public track the Bureau’s enforcement actions.

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Federal Legislation | November 25, 2020

OCC Proposed Rule - Fair Access to Financial Services

The OCC is proposing a regulation to ensure that national banks and Federal savings associations offer and provide fair access to financial services; comments are due on or before January 4, 2021.

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Agency | GSE News | November 25, 2020

Fannie Mae November AQM list posted

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

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Agency | GSE News | November 25, 2020

Fannie Mae Condotel Policy Questions Answered

Fannie Mae has added a condotel section to the project standards FAQs where lenders can find answers to condotel, condo, and co-op policy-related questions.

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Agency | GSE News | November 24, 2020

Freddie Mac Loan Limits Are Increasing by 7.42% in 2021

Freddie Mac confirmed the new general and high-cost area conventional loan limits for 2021.

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Agency | GSE News | November 24, 2020

Fannie Mae Lender Letter (LL-2020-14) Confirmation of Conventional Loan Limits for 2021

Fannie Mae published LL-2020-14 confirming the new general and high-cost area conventional loan limits for 2021.

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