Regulation and Compliance

FHA Now Allows 'Double-Dipping' On Loans

Update of conflict of interest rule allows individuals to serve as both MLO and real estate agent, with certain restrictions.

Regulation and Compliance
The Fed Adopts Final Rule To Replace LIBOR

Final rule identifies benchmark rates based on SOFR to be used effective June 30, 2023.

Regulation and Compliance
The Fed Hikes Interest Rate 0.5%, Raises Target For '23

The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.

Regulation and Compliance
MISMO Names Acting President As Appleton Departs

VP of Operations Jan Davis to serve as interim president until a permanent replacement is chosen.

Regulation and Compliance
L.A.-Area Broker To Serve Time For Defrauding Lenders

Alex Ashod Dadourian convicted on 91 counts for $8 million in mortgage fraud.

Regulation and Compliance
Ginnie Mae Has Doubled The Proportion Of VA Loans In Its Portfolio

In report to Congress, agency says VA loans have risen to 45% of its MBS portfolio over 10 years.

Regulation and Compliance
Analysis and Data
Fannie Mae Updates Underwriting To Help 'Credit Invisible' Borrowers

Enhancement to Desktop Underwriter system intended to support loans when borrower has no credit score.

Regulation and Compliance
MBA Offers Suggestions For Improving Refis, Forbearance

Responds to CFPB's request for information published in September.

Regulation and Compliance
2023 Conforming Loan Limit Tops $1M For High-Cost Areas

FHFA said the baseline conforming loan limit will increase 12% next year.

Regulation and Compliance
FHA Extends Waivers To Its HECM Loss-Mitigation Policies 

Extension applies to senior borrowers affected by COVID-19.

Regulation and Compliance