Mortgage Bankers Association
The Mortgage Bankers Association released Industry Briefs for June 28. 2022.
This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
Mortgage Bankers Association
The Mortgage Bankers Association released Industry Briefs for June 28. 2022.
DS News – Eric C. Peck
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held the session to examine the National Flood Insurance program.
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regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The Office of the Comptroller of the Currency's (OCC) Mortgage Metrics Report, First Quarter 2022 has been published and shows that mortgages current and performing at the end of the period is up from the prior year.
MBA Newslink--Bill Killmer, Pete Mills
This weeks update includes information on a new online toolkit to assist in developing special purpose credit programs, GSEs Equifax guidance, credit score model requirements and more.
BankDirector--David Ruffin
Consumer banks takes most of their risk management cues from external stakeholders, market conditions and regulators however, banks should be more vigilant now than ever and in the upcoming years.
The Veterans Benefits Administration (VA) announced in this circular an update to the funding fee status on Certificates of Eligibility (COE) where the lender has submitted VA Form 26-8937, Verification of VA Benefits, for an active-duty Service member who indicates they have a predischarge disability claim pending with VA.
The Office of the Comptroller of the Currency (OCC) has published its Semiannual Risk Perspective for Spring 2022, highlighting issues facing the federal banking system.
Tech Crunch--Carly Page
Flagstar Bank has notified more than 1.5 million customers of a data breach that included Social Security numbers, in its second cyber incident in two years.
MBA Newslink--Bill Killmer and Pete Mills
This week's update includes information on the FHFA 2021 annual report to congress, bipartisan data privacy legislation, flood insurance hearings and more.
BAI--Jason Kratovil
Consumers with poor credit and so-so credit are more and more reaching out to credit repair companies that in essence, paints a false picture of a person’s credit risk as well as opens the door for scammers to boost scores causing significant losses for banks and consumers.
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According to The Wall Street Journal, the sizzling housing market is helping people in danger of foreclosure dodge the bullet of losing their homes.
Mortgage Professional America–Richard Torne
According to ATTOM, the number of vacant zombie properties in the US increased in the 2nd quarter, causing a rise in foreclosure activity.
DENVER, Colo., June 16, 2022—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 fourth quarter (Q4) and full calendar year (CY) of 2021. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.
MBA Newslink--Bill Killmer and Pete Mills
This weeks update includes information regarding the GSEs release equitable housing finance plans, FHFA new pilot GSE transparency framework, Equifax credit coding errors and more.