This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
MBA Newslink--Bill Killmer; Pete Mills
This weeks update includes information on FHA annual MIP reduction, VA appraisal modernization legislation, FHA catalyst electronic appraisal delay and more.
Mortgage Bankers Association Newslink
According to the latest report from CoreLogic, mortgage fraud risk decreased by 7.5 percent year over year as of the end of the second quarter.
Search our Compliance Calendar for current regulatory changes & updates.
DS News--Eric C. Peck
A Redfin study using data from 3 months worth of randomized controlled data, involving 17.5 million Redfin.com users, half of which had access to property-level flood-risk scores (treatment group), and half of which did not (control group) has found that homebuyers who have access to flood-risk information when searching home listings online are more likely to view and make offers on homes with lower flood risk than those who don’t have access.
MBA Newslink--Bill Killmer; Pete Mills
This week's update includes information on FHA 203(k) rehab program improvements, upcoming MBA education webinars and more.
M Report – Kyle G. Horst
CoreLogic reports that home equity has reached a new high in the second quarter of 2022.
DS News – Kyle G. Horst
Aspen Grove Solutions has introduced a new collections solution for mortgage servicers.
"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
Overall critical defect rate trends downward for a second straight quarter despite challenging mortgage lending environment.
The findings of the FDIC and FinCEN Digital Identity Tech Sprint which was announced on April 4, 2022, are now available through FinCEN's website.
NEXT
Milo announced that they had launched the world’s first crypto refinance product.
The Federal Deposit Insurance Corporation (FDIC) has issued its September issue of Consumer News, with articles relating to "green" banking that may help consumers save time and money while reducing their environmental impact at the same time.
ACES ENGAGE 2025 registration now open!
Join us at the Broadmoor in Colorado Springs on May 18-20, 2025.
The September/October 2022 issue of the ABA Banking Journal is accessible online in a fully interactive platform.
DS News – Eric C. Peck
Legal League 100 has published its latest White Paper titled “Fair Debt Collection Practices Act (Regulation F)” to provide insight into the mortgage servicing industry.
The FDIC issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2022 and first quarter 2023.
Ballard Spahr LLP--Loran Kilson
Four senators recently sent a letter to acting comptroller of the currency, Michael Hsu, asking him to reverse four interpretive letters regarding whether it is permissible for national banks to provide cryptocurrency services.
