By Weiner Brodsky Kider The CFPB recently published its latest semiannual regulatory agenda of planned rulemaking activities for the period from November 1, 2021, to October 31, 2022. … more CFPB Publishes 2021-2022 Rulemaking Agenda
Regulations
FHA Implements System Enhancements for the Electronic Submission of Flood Insurance Data
The Federal Housing Administration announced enhancements to FHA Connection that require mortgagees to indicate if property improvements are in a Special Flood Hazard Area (SFHA) and if so, … more FHA Implements System Enhancements for the Electronic Submission of Flood Insurance Data
Mandatory Use Date for FHA Catalyst Extended to 2023
The Federal Housing Administration has extended the mandatory use dates for mortgagees to submit appraisals for single-family forward and reverse mortgage endorsements through the FHA Catalyst: EAD Module. … more Mandatory Use Date for FHA Catalyst Extended to 2023
Ginnie Mae Publishes LIBOR Index Transition Reference Guide
Ginnie Mae published a LIBOR Index Transition Reference Guide to assist stakeholders in preparing for the transition away from the London Interbank Offered Rate to a replacement index … more Ginnie Mae Publishes LIBOR Index Transition Reference Guide
FHA Clarifies COVID-Relief Options For Borrowers
The Federal Housing Administration published a technical update to Mortgagee Letter 2021-15 that will provide additional time for borrowers economically impacted by the COVID-19 pandemic to seek relief. … more FHA Clarifies COVID-Relief Options For Borrowers
OCC Requests Comment on Reverse Mortgage
The Office of the Comptroller of the Currency is soliciting comments concerning the renewal of its information collection titled “Reverse Mortgage Products: Guidance for Managing Compliance and Reputation … more OCC Requests Comment on Reverse Mortgage
NRMLA Submits Comments on Defect Taxonomy and Draft HECM Handbook
NRMLA submitted two sets of comments to the Department of Housing and Urban Development this past week, one that seeks changes to loan level servicing reviews in FHA’s … more NRMLA Submits Comments on Defect Taxonomy and Draft HECM Handbook
CFPB Issues Final Rule to Facilitate Transition from LIBOR
The Consumer Financial Protection Bureau (CFPB) published a final rule that facilitates the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes … more CFPB Issues Final Rule to Facilitate Transition from LIBOR
NRMLA Submits Comments to HUD on LIBOR Transition
In comments submitted to the Department of Housing and Urban Development this week, NRMLA provided answers to 14 questions posed by HUD in an October 5 notice pertaining to … more NRMLA Submits Comments to HUD on LIBOR Transition
FHA Updates Appraisal Guidelines to Reduce Racial Bias
The Federal Housing Administration published Mortgagee Letter (ML) 21-27 to reinforce the agency’s commitment to preventing racial bias in the valuation of single family properties. The ML clarifies FHA’s … more FHA Updates Appraisal Guidelines to Reduce Racial Bias
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