Residential MortgageCompliance Monitor

HUD

  • HUD Clarifies New Rule on Approval Standards

    by Mark A. Burton, Senior Vice President Earlier this week, we commented on the new rule by the Department of Housing and Urban Development (Federal Register 24 CFR Part 202) that went into effect on May 20th governing FHA approval standards for lenders (“Mortgagees”) and third party originators (“Correspondents”).  Many of our readers called to […]

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  • Welcome to Compliance Monitor!

    Compliance Monitor is a complimentary newsletter written for Bankers Advisory’s clients and associates. As a mortgage industry professional, you have little time to research and comprehend today’s ever-changing laws and regulations. Each issue of Compliance Monitor will feature a key regulation and offer additional resources to help your organization understand, implement and monitor compliance. Visit […]

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Residential Mortgage Compliance Monitor is an educational resource for financial institutions, providing announcements, legislative summaries, and policy changes issued by state and national regulators. Announcements also cover mortgage lending rules of HUD, Fannie Mae, Freddie Mac, and other mortgage agencies.