This topic consolidates the heartbeat of today's mortgage banking environment with news stories relevant to the financial compliance industry.
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.
The September/October 2022 issue of the ABA Banking Journal is accessible online in a fully interactive platform.
Search our Compliance Calendar for current regulatory changes & updates.
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.
Mortgage Bankers Association News – Adam DeSanctis
In the week ending August 26, 2022, mortgage applications dropped 3.7 percent from the previous week, according to Mortgage Bankers Association weekly survey.
PacRes Mortgage Improves Quality Control Accuracy by over 30% While Decreasing non-compliance incidents by 25%
In conjunction with the implementation of the final rule for the mandatory use of the GUS and LLC system, the following forms have been updated: 3555-11, 3555-17, 3555-18, 3555-21 and will be available with a new revision date of August 2022.
The CFPB announces the Quarterly Graphs tool to assist users in understanding Home Mortgage Disclosure Act mortgage loan data and, for the first time, important HMDA data on mortgage market trends during the collection year itself.
Scotsman Guide - Arnie Aurellano
According to Black Knight Home Price Index’s most recent report, the nation’s median home price finally crossed the line from deceleration to decline.
DS News - Demetria Lester
In July, Ginnie Mae’s outstanding mortgage-backed securities portfolio grew and reached $2.25 trillion.
PacRes Mortgage Improves Quality Control Accuracy by over 30% While Decreasing non-compliance incidents by 25%
Mortgage Bankers Association NewsLink
The Mortgage Bankers Association has issued an August 23, 2022, Housing Market Roundup.
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.
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.
M Report – Kyle G. Horst
Chairwoman of the House Financial Services Committee calls for accountability from credit bureau Equifax.
