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 | May 25, 2023

Freddie Mac Economic, Housing and Mortgage Market Outlook

Freddie Mac has published their latest Economic, Housing, and Mortgage Market Outlook which suggests that economic risks remain burdened due to steadily high inflation, unaffordability, and low inventory impacting sales and originations while prices remain solid.

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Agency | GSE News | May 24, 2023

Fannie Mae Condo Project Manager Release Notes

Fannie Mae announced enhancements to the Condo Project Manager (CPM), including updating CPM IDs to be consistent in length, allowing correspondent lenders to request access, and switching Loan Delivery edits to a “warning” status effective on or after July 1, 2023.

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Agency | GSE News | May 24, 2023

Fannie Mae Selling Notice: Effective Date for Main Living Area Photographs in Appraisals

This selling notice is a reminder that effective September 1, 2023, appraisers will be required to provide main living area photographs, including the living room, family room, dining room, all bedrooms, and all finished and unfinished areas of the basement.

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Agency | GSE News | May 24, 2023

House Committee Examines LLPA Fee Structure

DS News - Eric C. Peck

The House Financial Services Committees examine the loan level price adjustment (LLPA) fee structure implemented by the Federal Housing Finance Agency (FHFA) and its impact on the mortgage marketplace.

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Agency | GSE News | May 24, 2023

Fannie Mae Executes Fifth CIRT on $18.1B of Single-Family Loans

DS News - Demetria Lester

Fannie Mae announced that it has executed its fifth Credit Insurance Risk Transfer (CIRT) transaction on $18.1B of single-family Loans in 2023.

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Agency | GSE News | May 23, 2023

VA Circular 26-23-10- VA Assumption Updates

On May 22, 2023, the VA published Circular 26-23-10 to clarify assumption procedures and republish the stacking order for Assumptions with VA-Prior Approval, Assumptions without Substitution of Entitlement, Assumptions with Substitution
of Entitlement, and Assumption Appeals, effective immediately.

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State News | May 23, 2023

Maryland HAF: New FAQs for Mortgage Servicers

The Maryland Department of Housing and Community Development and the Office of the Commissioner of Financial Regulation (OCFR) have published new frequently asked questions for mortgage servicers about the Maryland Homeowner Assistance Fund (HAF).

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Agency | GSE News | May 22, 2023

FHA Mortgagee Letter 2023-11 Update to ML 2023-03 Regarding Loss Mitigation Options for Non-borrowers Who Acquired Title through an Exempted Transfer

This Mortgagee Letter clarifies loss mitigation options for non-borrowers who acquired title through an exempted transfer and updates the option as noted in Mortgagee Letter (ML) 2023-03.

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