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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.
The Orange County Register--Jeff Lazerson
Rising interest rates, FHA mortgage insurance premiums and large rebates to loan originators are not leaving senior borrowers much opportunity to pull out cash from their equity.
View SourceThe FHFA, as part of its continuing effort to reduce paperwork and respondent burden, invites public comments on an information collection titled the “Affordable Housing Program".
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
RHS is proposing to amend regulations that would grant SFHGLP delegated lenders the authority to make loans and issue the Loan Note Guarantees after closing using automated loan underwriting and closing systems.
View SourceM Report – Eric C. Peck
The mortgage rate dropped below the 5% mark for the first time in four months.
View SourceIn this memorandum, Ginnie Mae announced they are revising the Institution-wide Capital Requirements in the Mortgage-Backed Securities Guide, 5500.3 Rev-1 (“MBS Guide”), Chapters 2 and 3 for financial institutions seeking approval as Ginnie Mae Single-Family, Multifamily, Manufactured Home, and Home Equity Conversion Mortgage MBS (“HMBS”) Issuers (“Applicants”) as well as existing Ginnie Mae Single-Family, Multifamily, Manufactured Home and HMBS Issuers (“Issuers”).
View SourceWBK Financial Services Update
The South Carolina Department of Consumer Affairs has indicated that the interim regulatory guidance that allowed mortgage originators to work remotely from unlicensed locations will be rescinded effective January 1, 2023. Starting January 1, 2023 mortgage loan originators licensed in South Carolina by the Department of Consumer Affairs must work from licensed locations.
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With CFPB complaints on the rise, learn how ACES can keep you compliant in real time.
The Real Deal--TRD Staff
Equifax provided wrong scores for millions of consumers for three weeks with scores off by 20 points or more.
View SourceFannie Mae has published its Condo Project Manager FAQs, including new and updated changes to answer commonly asked questions about the enhanced Condo Project Manager™ (CPM™).
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