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

Disaster News | February 26, 2021

HUD No. 21-028 HUD Announces Disaster Assistance for Victims of Texas Severe Winter Storm

HUD announced the implementation of federal disaster assistance for the State of Texas to provide support to homeowners and homebuyers in areas affected by the Severe Winter Storm, including an automatic 90-day moratorium on foreclosures, making Section 203(h) and Section 203(k) programs available, and ensuring HUD-approved housing counseling agencies are ready to assist.

View Source

Federal Legislation | February 26, 2021

FDIC Issues CRA Examination Schedules for Second Quarter 2021 and Third Quarter 2021

The FDIC issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2021 and third quarter 2021 based on the best information now available and is subject to change.

View Source

Are You Up to Date?

Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.

Search Now

Federal Legislation | February 26, 2021

FDIC FIL-12-2021 Bank Secrecy Act/Anti-Money Laundering Examination Manual Update

The Federal Financial Institutions Examination Council (FFIEC) is updating sections and related examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

View Source

Industry News | February 26, 2021

January Pending Home Sales Down 2.8% Amid Inventory Dearth

Mortgage Bankers Association

According to the National Association of Realtors, pending home sales dropped in January.

View Source

Industry News | February 26, 2021

With Moratoria in Place, ‘Zombie’ Properties Fade

Mortgage Bankers Association

According to Attom Data Solutions’ Vacant Property and Zombie Foreclosure Report, 175,000 vacant properties entered the foreclosure process in the 1st quarter of 2021.

View Source

Agency | GSE News | February 25, 2021

FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period

FHFA announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until June 30, 2021.

View Source
Success Stories

Success Stories

Find out how ACES customers are achieving proven, measurable ROI

Read More

Agency | GSE News | February 25, 2021

Fannie Mae Policy reminder for Texas loan originations

In light of the extreme weather in Texas negatively impacting homes such as bursting pipes and water damage and lenders should be aware of the process for properties in disaster-impacted areas and take prudent and reasonable actions to determine whether the property condition may have materially changed, which could require a new inspection or declining an appraisal waiver offer.

View Source

Agency | GSE News | February 25, 2021

Fannie Mae Lender Letter LL-2021-02 Impact of COVID-19 on Servicing

This lender letter is to extend the suspension of foreclosure-related activities and is updating requirements related to forbearance plans for borrowers impacted by COVID-19.

View Source
Aces Audit Packs Header

Join the Pack

Improve your loan quality in 2021 with ACES Flexible Audit Technology.

Learn How

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now