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 | January 21, 2021

USDA Advance Copy Notice: HB-1-3555, Form RD 3555-21, and Appendix 7

The “New GUS” will be implemented on March 1, 2021and in preparation, several chapters in Handbook 1-3555 will be updated and USDA is providing 30 days to review the upcoming proposed changes to HB-1-3555, Chapters 2, 5, 8, 10, 12, 15, Form RD 3555-21, and Appendix 7.

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Industry News | January 21, 2021

David Uejio named Acting CFPB Director

Ballard Spahr LLP--Alan S. Kaplinsky

President Biden has appointed David Uejio to serve as Acting CFPB Director.

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Industry News | January 21, 2021

US housing starts broke records in 2020

Mortgage Professional America--David Kitai

US new construction climbed by 5.8% in December ending the year at its best pace since late 2006.

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Industry News | January 21, 2021

East Coast Housing Remains Vulnerable to Coronavirus Impact

Mortgage Bankers Association

According to ATTOM Data Solutions, almost a year of the coronavirus pandemic's onset, the housing markets in the Northeast and other parts of the East Coast remained most at risk during the fourth quarter.

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Agency | GSE News | January 21, 2021

HUD Proposes New Home Inspections Rule

DS News – Christina Hughes Babb

The U.S. Department of Housing and Urban Development (HUD) proposes a new rule for the National Standard for Physical Inspection of Real Estate (NSPIRE).

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Federal Legislation | January 21, 2021

CFPB Director Kraninger Resigns As Biden Takes Office

Reverse Mortgage Daily – Chris Clow

Kathleen Kraninger has resigned as Director of the Consumer Financial Protection Bureau (CFPB), reportedly at the Joe Biden administration's request.

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Agency | GSE News, Disaster News | January 20, 2021

USDA Extends Eviction Moratorium, Foreclosure Moratorium, and Mortgage Forbearance Deadline to March 31, 2021

USDA announced an extension to the foreclosure and eviction moratoriums, as well as the first legal action and reasonable diligence timelines until March 31, 2021; additionally, lenders may approve the initial 180-day COVID-19 Forbearance no later than the earlier of the termination date of the national emergency declared by the President on March 13, 2020 or March 31, 2021.

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Federal Legislation | January 20, 2021

NCUA Approves Final Rule on Supervisory Guidance

NCUA approved a final rule on supervisory guidance, codifying a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance and reaffirms that the credit union regulator “will continue to follow and respect the limits of administrative law”.

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