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

August 22, 2022

MBA Advocacy Update Aug. 22 2022

MBA Newslink--Bill Killmer; Pete Mills

This week’s update includes information on FHFA, Ginnie Mae Issue Final Capital, Net Worth, and Liquidity Standards for IMBs, and Unworkable California Foreclosure Bill Withdrawn by Sponsor.

View Source

August 16, 2022

Former Member of Congress Charged with Multiple Fraud Schemes Including Mortgage Fraud

A 28-count indictment was unsealed today in the Eastern District of California charging a former member of Congress with multiple fraud schemes and campaign contribution fraud.

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

August 16, 2022

Waters Calls for Accountability From Equifax

M Report – Kyle G. Horst

Chairwoman of the House Financial Services Committee calls for accountability from credit bureau Equifax.

View Source

August 16, 2022

Q2 Housing Affordability Drops to Lowest Point Since Great Recession

M Report - Demetria Lester

In the second quarter of 2022, housing affordability dropped to its lowest point since the Great Recession due to the increasing mortgage rates, inflation, decrease in existing inventory, and elevated home prices.

View Source

August 15, 2022

MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022

This week's update includes information on Inflation Reduction Act of 2022, fair lending data, affordable housing and other industry issues.

View Source

August 11, 2022

FTC Returns $9.7 Million to Consumers Harmed by LendingClub's Deceptive Hidden Fees

The Federal Trade Commission is sending payments totaling more than $9.7 million to 61,990 consumers who were charged hidden fees by LendingClub Corporation.

View Source
Improve loan quality with ACES

Improve loan quality with ACES

With CFPB complaints on the rise, learn how ACES can keep you compliant in real time.

Book a Demo

August 10, 2022

Ahead of MBA Survey, Reports Show Drops in Delinquencies, Foreclosures

Mortgage Bankers Association–Mike Sorohan

CoreLogic and ATTOM show a decrease in mortgage delinquencies and foreclosure activity before the quarterly MBA National Delinquency Survey release.

View Source

August 09, 2022

MBA Letter to Agencies Targets Topline CRA Issues

Mortgage Bankers Association – Mike Sorohan

The Mortgage Bankers Association contacts federal regulatory agencies to discuss topline issues crucial to improving the current Community Reinvestment Act plan.

View Source

August 09, 2022

July Mortgage Credit Availability at 9-Year Low

Mortgage Bankers Association

According to the Mortgage Bankers Association, mortgage credit availability dropped for the fifth straight month in July to its lowest level in nine years

View Source

August 05, 2022

Reverse Mortgage Market May Be Teetering on Collapse

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 Source
On-demand Webinar

On-demand Webinar

QC NOW: Top Issues on Mortgage Compliance & What You Need to Know

Watch Now

August 05, 2022

Mortgage Rates Fall to Four-Month Low

M Report – Eric C. Peck

The mortgage rate dropped below the 5% mark for the first time in four months.

View Source

August 04, 2022

Equifax error might have harmed (or helped) mortgage applicants

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 Source

August 03, 2022

Financial Services Committee Passes Bills to Protect Consumers

DS News - Demetria Lester

The Housing Financial Services Committee has passed several bills to strengthen our nation’s affordable housing oversight and address the housing and homeless crises.

View Source

July 29, 2022

Fannie Mae Reveals Financial Results

Mortgage Professional America--Roxanne Libatique

Fannie Mae revealed that its net income for Q2 2022 was $4.7 billion, an increase of $245 million compared to the first quarter of 2022.

View Source