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 | June 18, 2021

FHA Mortgagee Letter 2021-13 Student Loan Payment Calculation of Monthly Obligation

The purpose of this Mortgagee Letter is to inform Mortgagees of new student loan calculation requirements of the monthly payment obligation to align better with the current industry standards.

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Federal Legislation | June 18, 2021

FDIC FIL-44-2021 Observation of New Federal Holiday, Juneteenth National Independence Day

FDIC issued guidance that FDIC-supervised institutions should comply with applicable requirements of their state chartering authority and consider the impact on customers when determining how to proceed with the federal government observation of the new Juneteenth federal holiday on Friday, June 18.

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Industry News | June 18, 2021

MISMO Approves Commercial Appraisal Dataset Standard

Mortgage Bankers Association -- Mike Sorohan

MISMO announced the availability of its updated Commercial Appraisal Dataset standard.

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Industry News | June 18, 2021

May New Home Purchase Mortgage Applications Decline

Mortgage Bankers Association

According to a recent report by the Mortgage Bankers Association, mortgage applications for new home purchases dropped for the second straight month during tight inventories and sharply rising prices.

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Legal News | June 18, 2021

Man Sentenced to Two Years in Prison for Shotgunning

Mortgage Fraud Blog

Simon Curanaj of New York sentenced to 24 months in prison for his role in a $3.5 million conspiracy to use false information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit, a practice known as “shotgunning.”

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State News | June 17, 2021

Connecticut Amends Provisions Regarding Security Breach

Connecticut House Bill 5310 expands the data privacy breach notification statute to protect consumers effective October 1, 2021.

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Lender slashes review times by 75%

Consumer Lender Exceeds Expectations with ACES

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Agency | GSE News | June 17, 2021

Freddie Mac Industry Letter 06-17-2021 Protections for Sexual Orientation and Gender Identity

This letter is to provide information about recent interpretations of the prohibition against sex discrimination under Title VII of the Civil Rights Act of 1964, ECOA and Fair Housing Act reminding sellers and servicers to seek guidance from their legal counsel concerning their fair lending obligations as the law continues to develop, particularly with respect to LGBTQ+ persons and communities

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Federal Legislation | June 17, 2021

Juneteenth bill creates Truth in Lending Act issue

Ballard Spahr LLP--Richard J. Andreano, Jr. & John L. Culhane, Jr.

Juneteenth National Independence Day has been signed into law on June 17, 2021 creating an important change under the Truth in Lending Act (TILA) and Regulation Z in relation to the definition of "business day.".

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Success Stories

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