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

Industry News | July 30, 2021

White House Calls On Lawmakers to Renew Eviction Ban

M Report-- Christina Hughes Babb

The White House urges Congress to extend the eviction moratorium, set to expire July 31, 2021.

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Industry News | July 30, 2021

MISMO Creates Community of Practice to Explore Market Need, Potential Standards for ESG Initiatives

Mortgage Bankers Association

MISMO created a new Community of Practice focused on exploring potential standards for Environmental, Social & Governance initiatives to meet the needs of market participants.

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Industry News | July 30, 2021

MBA, Trade Groups Urge Senate Confirmation of Julia Gordon as FHA Commissioner

Mortgage Bankers Association – Mike Sorohan

The Mortgage Bankers Association and several dozen industry trade groups sent a letter to Senate leadership recommending confirmation of Julia Gordon as HUD Assistant Secretary for Housing and Commissioner of the Federal Housing Administration.

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Industry News | July 29, 2021

CFPB and FHFA Release Updated Data from the National Survey of Mortgage Originations for Public Use

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO).

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Industry News | July 29, 2021

Why is Ginnie Mae attacking nonbanks?

Housingwire--David Stevens, CMB

Ginnie Mae is requesting comment on a rule that would require a 250% risk weighting on Ginnie Mae mortgage servicing rights and require additional capital for any approved issuer for non-Ginnie Mae loans including GSE loans held for sale resulting in raised costs most first-time homebuyers and minority homebuyers depend on.

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Agency | GSE News | July 29, 2021

Banks offer bonds that spread mortgage risk as housing market surges – report

Mortgage Professional America -- Duffie Osental

According to a recent report from the Wall Street Journal, rising prices in the nation's housing market have pushed banks to sell investor-backed bonds that spread the risk of mortgage defaults.

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Fulton

Lender slashes review times by 75%

Consumer Lender Exceeds Expectations with ACES

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Legal News | July 29, 2021

Texas Man Sentenced for $24 Million COVID-19 Relief Fraud Scheme

U.S. Department of Justice

Dinesh Sah, a Texas man, was sentenced to more than 11 years in prison for his connection in a fraudulent scheme to obtain approximately $24.8 million in forgivable Paycheck Protection Program (PPP) loans.

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Federal Legislation | July 29, 2021

CFPB Releases Online Tool to Help Renters and Landlords Access Federal Assistance

Compliance Alliance

The CFPB launched an online tool to assist renters and landlords impacted by the pandemic access to federal rental assistance funds.

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Success Stories

Success Stories

Find out how ACES customers are achieving proven, measurable ROI

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