Compliance NewsHub >Topics >Industry News

Compliance Newshub
Industry News

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

News Search

From
To
Search

April 26, 2023

CFPB Issues Joint Statement on LIBOR Transition

The CFPB, along with the Board of Governors of the Federal Reserve System (Board), the FDIC, the NCUA, and the OCC, issued a joint statement on April 26th, 2023, reminding supervised institutions with USD LIBOR exposure that panels will end on June 30th, 2023, and reiterated that transition of remaining LIBOR contracts should be completed as soon as practicable.

View Source

April 26, 2023

CFPB Issues Revised Version of Prime Offer Rate Methodology

DS News--Demetria Lester

The Consumer Financial Protection Bureau recently announced a revised version of its Methodology for Determining Average Prime Offer Rates, which details the calculations used to determine average prime offer rates for purposes of federal mortgage rules.

View Source

Are You Up to Date?

Search our Compliance Calendar for current regulatory changes & updates.

Search Now

April 26, 2023

MBA: Lenders Shouldn’t Be Held Responsible for Appraisers’ Actions

Housingwire--James Kleimann

The Mortgage Bankers Association has filed an amicus brief in response to the Consumer Financial Protection Bureau and the Department of Justice‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers.

View Source

April 24, 2023

MBA Advocacy Update Apr. 24, 2023

MBA Newslink--Bill Killmer; Pete Mills

This week's update includes information about the MBA 2023 National Advocacy Conference, the FHFA Proposes Fair Housing and Fair Lending Rule, and more.

View Source

April 10, 2023

Housing Experts Weigh in on Avoiding a HECM Market Collapse

Reverse Mortgage Daily--Keith Becker, Dror Oppenheimer, and Michael Marshall

Former staffers from HUD, FHA, and the GSEs weigh in on how to move forward in this strained reverse mortgage climate.

View Source

April 10, 2023

MBA Advocacy Update Apr. 10, 2023

MBA Newslink--Bill Killmer; Pete Mills

This week's update includes information relating to the CFPB's nonbank proposed registry rule, UDAAP policy, equitable housing plans, and more.

View Source
ACES ENGAGE 2025

ACES ENGAGE 2025

ACES ENGAGE 2025 registration now open!

Join us at the Broadmoor in Colorado Springs on May 18-20, 2025.

Reserve Your Seat

April 04, 2023

MBA, State Regulators Ask CFPB to Withdraw Nonbank Registry Proposal

MBA Newslink--Mike Sorohan

The Mortgage Bankers Association is urging the CFPB to withdraw a controversial proposal that would require covered nonbank financial institutions to register with and report to the Bureau when they become subject to certain public local, state, or federal consumer financial protection agency or court orders.

View Source

April 03, 2023

MBA Advocacy Update Apr. 3, 2023

MBA Newslink--Bill Killmer; Pete Mills

This update includes information relating to FHFA payment deferral, debt limits, federal banking, a preview of the GSE update of UAD and URAR, and more.

View Source

March 23, 2023

Fed Adds 25 Basis Points to Federal Funds Rate

MBA Newslink--Mike Sorohan

The Federal Open Market has raised the federal funds rate by another 25 basis points, and now stands at 4.75-5%, its highest rate since 2009.

View Source

March 22, 2023

Critical Defect Rate Reaches Report-High in Q3 2022, Per ACES Quality Management Mortgage QC Industry Trends Report

View Source
Learn Why Clients Love ACES

Learn Why Clients Love ACES

"We are already ahead of the game and without having to add additional FTEs."

- Julie Baril, QC Manager at Norcom Mortgage

Hear Why

March 21, 2023

Forbearance Rate Falls Across All Investor Types in February

DS News--Eric C. Peck

The MBA's monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by four basis points from 0.64% of servicers’ portfolio volume in the prior month to 0.60% as of February 28, 2023, estimating that approximately 300,000 homeowners are still in forbearance plans.

View Source

March 20, 2023

MBA Advocacy March 20, 2023

MBA Newslink

This update includes information relating to FHFA Delays Implementation of DTI-based LLPA and more.

View Source

March 14, 2023

Quality is key for credit unions to thrive in today's volatile lending market

Credit Union Journal spoke with Amanda Philips, EVP of compliance at ACES Quality Management, about why down cycles are an ideal time for credit unions to shore up their compliance and quality control processes.

View Source

February 27, 2023

MBA Advocacy Update Feb. 27 2023

MBA Newslink

This update includes information relating to HUD reducing mortgage insurance premiums for FHA-insured mortgages and more.

View Source

Stay Informed, Subscribe to the Compliance Newshub