Compliance NewsHub
Industry News

This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry. 

Subscribe Today

September 15, 2021

ACES Mortgage QC Industry Trends Report Shows Decline in Critical Defect Rate for Second Consecutive Quarter

Early payment defaults also fell below pre-pandemic levels, though Income/Employment’s rapid increase led all defect categories.

View Source

September 14, 2021

Title Insurance Premiums Reach Historic Volume

DS News -- Christina Hughes Babb

According to the latest Market Share Analysis from the American Land Title Association (ALTA), the insurance industry made $6.5 billion in title insurance premiums during the second quarter of 2021.

View Source

Are You Up to Date?

Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.

Search Now

September 10, 2021

August Mortgage Credit Availability Up Nearly 4%

Mortgage Bankers Association

According to the Mortgage Bankers Association report, mortgage credit availability grew by 3.9 percent in August.

View Source

September 10, 2021

HUD: Without New Housing Supply, Cost Burdens to Increase

Mortgage Bankers Association

HUD published its latest research on innovative strategies being pursued by the government to remove regulatory barriers to affordable housing and increase the housing supply.

View Source

September 10, 2021

What happened to foreclosures after federal moratorium ended?

Mortgage Professional America – Candyd Mendoza

According to ATTOM’s Foreclosure Market Report, the number of homes facing foreclosure increased to a total of 15,838 properties in the first month following the expiration of the government foreclosure moratorium ended.

View Source

September 08, 2021

CRE firm Axylyum Charter releases new risk mitigation product

Mortgage Professional America – Candyd Mendoza

Axylyum Charter has released a new product that allows lenders to eliminate the default risk of asset-based non-owner-occupied loans.

View Source
ACES CONNECT

ACES CONNECT

24/7 access to real-time quality control insights

Learn More

September 08, 2021

Unlicensed broker sent to prison for "brazen mortgage fraud scheme"

Mortgage Professional America – Candyd Mendoza

Brent Kaufman of Long Island has been found guilty of pocketing millions of dollars after defrauding lenders and stealing his clients’ mortgage payments.

View Source

September 07, 2021

Market Bracing for Wave of Forbearance Plan Expirations

DS News -- Christina Hughes Babb

According to researchers at Black Knight, the last week of August, they recorded a decline in active forbearance plans.

View Source

September 07, 2021

The Pandemic’s Toll on Small Landlords

DS News -- Kyle G. Horst

Landlords across the country are still staggering from the effects of the pandemic.

View Source

September 07, 2021

Administration Announces Steps to Increase Affordable Housing Supply

Mortgage Bankers Association – Mike Sorohan

Last week, the Biden Administration announced several steps to create, preserve, and sell homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years.

View Source
ACES Impact: ROI Infographic

ACES Impact: ROI Infographic

ACES Customers Achieve Proven, Measurable ROI

View Infographic

September 02, 2021

Refis Down, Purchases Up

Mortgage Bankers Association

According to Mortgage Bankers Association's recent Weekly Applications Survey for the week ending Aug. 27, overall mortgage application activity fell as interest rates held steady.

View Source

September 02, 2021

White House, HUD Act to Add Homes to Market

M Report -- Christina Hughes Babb

According to a recent alert from the Department of Housing and Urban Development (HUD), the White House and HUD's Build, Back Better plan aims to "create, preserve, and sell nearly 100,000 additional affordable homes for homeowners and renters across the country over the next three years.

View Source

August 27, 2021

Alternative Reference Rates Committee Issues FAQs on SOFR Term Rate Best Practices

The ARRC has published frequently asked questions, outlining its best practice recommendations for use of the SOFR term rate.

View Source

August 27, 2021

Mortgage Rates Finding Stable Ground

M Report – Eric C. Peck

According to this week's Primary Mortgage Market Survey (PMMS) from Freddie Mac, mortgage rates are finding steady ground.

View Source