The Compliance NewsHub

Industry News | March 22, 2023

Critical Defect Rate Reaches Report-High in Q3 2022, Per ACES Quality Management Mortgage QC Industry Trends Report

DENVER, Colo., March 23, 2023—ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the third quarter (Q3) of 2022. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.

Federal Legislation | March 21, 2023

CFPB Enhanced Credit Card Comparison Shopping Tool Launched

The Consumer Financial Protection Bureau (CFPB) has expanded its survey of credit card rates and features with the goal of promoting competition and comparison shopping.

Agency | GSE News | March 21, 2023

Fannie Mae March Appraiser Update

Fannie Mae has issued their March 2023 Fannie Mae Appraiser Update, this edition focuses on recent changes to Fannie Mae policies and programs, and their possible impacts.

Industry News | March 21, 2023

Forbearance Rate Falls Across All Investor Types in February

DS News--Eric C. Peck

The MBA's monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by four basis points from 0.64% of servicers’ portfolio volume in the prior month to 0.60% as of February 28, 2023, estimating that approximately 300,000 homeowners are still in forbearance plans.

Federal Legislation | March 21, 2023

CFPB 2022 HMDA Modified LAR Availability

The HMDA modified loan/application registers are available for each institution that filed HMDA data collected in 2022, providing each financial institution's loan-level HMDA data, as modified to protect applicant and borrower privacy in accordance with the Consumer Financial Protection Bureau’s final policy guidance on the disclosure of HMDA data.

Agency | GSE News | March 20, 2023

FHFA The Value of Intermediaries for GSE Loans

The FHFA has posted The Value of Intermediaries for GSE Loans.

Federal Legislation | March 20, 2023

CFPB Releases 2023 HMDA Transactional and Institutional Coverage Charts

The CFPB has released the 2023 HMDA Transactional and Institutional Coverage Charts updating the closed-end threshold pursuant to the United States District Court for the District of Columbia September 23, 2022, order in NCRC et al. v. CFPB.

Industry News | March 20, 2023

MBA Advocacy March 20, 2023

MBA Newslink

This update includes information relating to FHFA Delays Implementation of DTI-based LLPA and more.