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regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The Compliance NewsHub
Your Financial Credit & Compliance Research Library.
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.
This industry letter was published by Freddie Mac to serve as a reminder about Freddie Mac Single-Family Seller/Servicer Guide requirements concerning fair housing/fair lending and obligations related to non-public information in the pooling, packaging and marketing of securities to help satisfy certain environmental, social and governance (ESG) investment criteria.
View SourceDS News--Kyle G. Horst
According to a Fitch Ratings report, new REO inventory of properties in the 1-179 day category, have increased by 14.5%, reflecting an increase in active foreclosure filings in the 4th quarter of 2022.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
On January 19, 2023, VA released a Servicer Newsflash that includes information on multiple event reporting, "invalid sale results" event and redeemed properties as well as information on the transition to ServiceNow.
View SourceWeiner, Brodsky, Kider P.C.- Financial Services Update
Lawsuits have been filed by three states' attorneys general alleging violations of consumer protection laws against a program offered by a real estate brokerage in at least 33 states and advertised as a "loan alternative".
View SourceOn January 23, 2023, Fannie Mae released an EarlyCheck Enhancements overview that provides this year’s previous, current, and upcoming EarlyCheck updates in an easy-to-read format in an all-in-one document.
View SourceThe Biden-Harris administration announced efforts to protect renters and rental affordability including a set of principles known as the "Blueprint for Renters Bill of Rights".
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"Of all the systems and vendors we vetted, ACES had what we needed to accomplish from start to finish."
- Wesley Klepfer, Compliance Program Director at Celink
During the weekend of Feb. 25, 2023, Fannie Mae will implement Desktop Underwriter® (DU®) Version 11.1, which will include a DU risk and eligibility assessment update, HomeStyle® Renovation update, rent payment identification on third-party asset verification reports, cash flow assessment, updates to align with the Selling Guide and the retirement of DU Version 10.3.
View SourceThis Notice announces the replacement index that servicers must use for Fannie Mae-owned loans indexed to LIBOR after June 30, 2023.
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