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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.
Mortgage Professional America – Candyd Mendoza
Fannie Mae has announced its 21st reperforming loan sale to reduce its retained mortgage portfolio size.
View SourceHousingWire – Georgia Kromrei
Fannie Mae announced they are giving mortgage servicers the go-ahead to use third-party digital vendors to verify income and asset information.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
DS News – Eric C. Peck
CoreLogic’s Q1 Homeowner Equity Report shows U.S. homeowners with mortgages have seen their equity grow by 19.6% year-over-year, representing a collective equity gain of more than $1.9 trillion and an average of $33,400 per borrower since Q1 of 2020.
View SourceThe FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana affected by severe storms, tornadoes, and flooding.
View SourceMaryland House Bill 1261 alters certain provisions of law related to the execution of wills, powers of attorney, and advance directives to authorize the electronic execution and remote witnessing of those documents under certain circumstances, provides that a will, a power of attorney, notarization of a power of attorney, or an advance directive executed in conformance with the provisions of certain executive orders shall be deemed to satisfy certain requirements under the Act, and applies the Act retroactively; effective October 1, 2021.
View SourceMortgage Bankers Association
According to the Mortgage Bankers Association, mortgage credit availability rose in May to its highest level since the beginning of the coronavirus pandemic but stayed well below its 2019 peak levels.
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Mortgage Bankers Association – Adam DeSanctis
According to statistics from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 4, 2021, mortgage applications declined by 3.1% from one week ago.
View SourceDS News – Eric C. Peck
In May, Ginnie Mae reported more than 288,000 homes financed.
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