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Industry News

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

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October 21, 2022

FTC Approves Final Order against Opendoor Labs

A Federal Trade Commission (FTC) press release indicates that a consent order against the online real estate listing service known as Opendoor has been finalized with the goal of preventing customers being misled about cost savings from using the service, along with the assessment of a $62 million dollar penalty to be used to recompense customers harmed by the company's practices.

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October 20, 2022

Housing Market Roundup Oct. 20, 2022

Mortgage Bankers Association NewsLink

The Mortgage Bankers Association has issued October 20, 2022, Housing Market Roundup.

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October 19, 2022

FHFA Releases Q2 Foreclosure Prevention Report

DS News - Demetria Lester

According to the FHFA’s most recent report, Foreclosure Prevention, Refinance, and Federal Property Manager's Report for July 2022, the number of loans in forbearance continued to decrease since the peak in May 2020.

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October 18, 2022

September Builder Apps Down 13% from Year Ago

MBA Newslink

According to Mortgage Bankers Association, mortgage applications for new home purchases continue to decline.

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October 18, 2022

MBA: September Share of Mortgage Loans in Forbearance Decreases to 0.69%

MBA Newslink

According to the Mortgage Bankers Association monthly Loan Monitoring Survey, loans in forbearance decreased by three basis points in September.

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October 17, 2022

MBA Advocacy Update Oct. 17, 2022

MBA Newslink--Bill Killmer; Pete Mills

This weeks update includes information on HUD's annual MIP, FHA handbook recommendations, and more.

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QC Now: CFPB’s Proposed Mortgage Servicing Rule Amendments

QC Now: CFPB’s Proposed Mortgage Servicing Rule Amendments

Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.

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October 17, 2022

November/December 2022 issue of ABA Banking Journal

The Nov/Dec 2022 issue of the ABA Banking Journal is now available and accessible online.

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October 14, 2022

MBA Commends FHFA’s New Enterprise Housing Goals Methodology Proposal

MBA NewsLink – Michael Tucker

The Mortgage Bankers Association applauds the Federal Housing Finance Agency for its proposed rule establishing 2023-2024 Multifamily Enterprise Housing Goals for GSEs.

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October 13, 2022

Foreclosure Activity Rises to Near Pre-Pandemic Levels

MBA Newslink

According to a recent report from ATTOM, foreclosure activity increased by 3% in the third quarter and 104 percent from a year ago.

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October 12, 2022

MBA Weekly Survey Oct. 12, 2022: Rising Rates Drive Push Applications to Another 25-Year Low

MBA Newslink

According to a recent report from the MBA weekly Mortgage Application Survey for the week ending October 7, 2022, mortgage interest rates have risen to their highest level since 2006, decreasing mortgage application activity to a 25-year low.

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Learn Why Clients Love ACES

Learn Why Clients Love ACES

"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."

-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage

Hear Why

October 12, 2022

All But 3% of Mortgages ‘Current and Performing’

M Report – Kyle G. Horst

The Office of the Comptroller of the Currency (OCC) has reported that the performance of first-lien mortgages held by the federal banking system improved throughout the second quarter of 2022.

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October 11, 2022

MBA Advocacy Update Oct. 10, 2022

MBA Newslink--Bill Killmer; Pete Mills

This weeks update includes information on small balance FHA loans, HMDA Federal court ruling, streamlining of VA appraisals, and more.

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October 07, 2022

MBA Mortgage Action Alliance Call to Action Urges Senate Support of Bill to Streamline VA Appraisals

MBA Newslink

The MBA's grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action, urging its members to contact their senators to support a bill that would streamline the appraisal process for Department of Veterans’ Affairs mortgage loans.

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October 07, 2022

Black Knight Launches Suite of Climate Risk Solutions

DS News–Eric C. Peck

Black Knight has launched a new Climate and Natural Hazards Risk Data Solutions Suite to help identify properties impacted by natural disasters and mitigate future climate-related risks.

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