Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
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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.
The Declared Rate for determining high-interest/high-point home loans in Vermont will be eight percent in 2024.
View SourceThe 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.
View SourceSearch our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The Federal Housing Administration (FHA) has announced the 2024 forward mortgage loan limits.
View SourceThe Federal Housing Finance Agency (FHFA) announced the 2024 conforming loan limits increased by $40,350 to $766,550.
View SourceDS 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.
View SourceThe 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.
View Source"We are already ahead of the game and without having to add additional FTEs."
- Julie Baril, QC Manager at Norcom Mortgage
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.
View SourceFannie 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.
View Source"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