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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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February 01, 2024

Alert Including Red Flags Issued by FinCEN Re: Israeli Extremist Violence Against Palestinians

Click below to read the full alert.

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January 30, 2024

DOJ Settles Memphis Redlining Case with Consent Order

Click below to read the full article written by Richard J. Andreano, Jr., John L. Culhane, Jr. & Loran Kilson in Ballard Spahr's Consumer Finance Monitor.

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January 29, 2024

MBA Advocacy Update

MBA Newslink--Bill Killmer; Pete Mills

This update includes information on IVES concerns, Senate Banking Committee hearing relating to flood insurance, GSE loa downpayment enhancements, and more.

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January 29, 2024

Overall Performance of Servicing Portfolios Declined in December

DS News -Eric C. Peck

According to the Mortgage Bankers Association’s (MBA) latest Loan Monitoring Survey, the total number of loans in forbearance nationwide continues to drop, declining by three basis points from 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of December 31, 2023.

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January 26, 2024

Buying Power Can't Keep Up with Home Prices

Scotsman Guide - Arnie Aurellano

First American Financial Corporation's Real House Price Index (RHPI) indicates homebuying power in November of 2023 was as low as it's been in three decades.

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January 26, 2024

ATTOM: 2023 Home Selling Profits Still High, but Drop for First Time Since 2011

MBA NewsLink

According to ATTOM Year-End 2023 U.S. Home Sales Report, home sellers gained $121,000 in profit on a typical home and a 56.5% return on investment in 2023.

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Learn Why Clients Love ACES

Learn Why Clients Love ACES

"ACES has made my life so much easier from a QC perspective. It's life-changing"

- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage

Hear Why

January 22, 2024

MBA Advocacy Update

MBA NewsLink--Bill Killmer; Pete Mills

This week's update includes information on Basel III proposal for changes to mortgage provisions; Congress passes another continuing resolution to avoid a government shutdown; and MBA's support of the bipartisan tax package.

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January 19, 2024

Single-Family Housing Starts Fall 8.6% in December

MBA - NewsLink

According to the U.S. Census Bureau, single-family housing starts fell 8.6% in December to 1.03 million.

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January 16, 2024

MBA Advocacy Update

MBA Newslink--Bill Killmer; Pete Mills

This week's update includes information on HUD's secretary testimony before the House Financial Services Committee, FSOC SIFI Framework hearing, and more.

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January 16, 2024

2023 HMDA Data Filing Period is Open

The CFPB announced that the filing period for HMDA data collected in 2023 is open and will be considered timely if received on or before Friday, March 1, 2024.

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Learn Why Clients Love ACES

Learn Why Clients Love ACES

"ACES has shined a light on our productivity and empowered us to hold our teams accountable."

- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union

Hear Why

January 08, 2024

OCC Bulletin 2024-1- Community Reinvestment Act FAQs

The Office of the Comptroller of the Currency has issued a Frequently Asked Questions bulletin regarding the State Small Business Credit Initiative 2.0.

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January 08, 2024

Mortgage Rate Drops Encouraging Market Activity

According to HouseCanary, Inc., December Market Pulse Report activity in net new listings placed on the market is up 5% versus December 2022.

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January 08, 2024

MBA Advocacy Update: MBA Suggests Improvements to FHA’s 203(k) Renovation Programs; VA Circular on Assumptions Noncompliance and More

MBA Newlink--Bill Killmer; Pete Mills

This week’s advocacy update includes MBA suggesting improvements to FHA’s 2023 (k) Renovation Programs, VA releasing circular warning servicers of assumptions of non-compliance, and much more.

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January 05, 2024

Commercial Bankruptcies Spiked 70% Last Year

DS News–Kyle G. Horst

According to the monthly bankruptcy filing report published by Epiq AACER, bankruptcies increased in 2023.

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