A federal court recently ruled that the Consumer Financial Protection Bureau (CFPB) remains legally obligated to request and receive funding in order to carry out its statutory mission. Under the Dodd-Frank Act, the CFPB does not rely on traditional annual congressional appropriations. Instead, the agency must formally request funding from the Federal Reserve each year, up to a […]
The Federal Housing Finance Agency (FHFA) has released the new 2026 conforming loan limits — key numbers that determine which loans are eligible for purchase by Fannie Mae and Freddie Mac. These limits are recalculated each year to reflect changes in home prices and differ across standard and high-cost markets. For 2026, the baseline conforming loan limit for […]
📅 Key Date: January 26, 2026 Lenders and appraisers should start preparing now for the Uniform Appraisal Dataset (UAD) 3.6, the new standard from Fannie Mae and Freddie Mac that modernizes how appraisal data is reported and shared. 👉 Access UAD 3.6 timelines, training, and FAQs The Limited Production Period, which began September 8, 2025, allows lenders who are ready […]
What’s newEffective October 1, 2025, mortgage lenders in Connecticut must obtain an exempt mortgage servicer registration before performing servicing activities. What changedPreviously, licensed mortgage lenders could service their own originations without a separate servicing license/registration if they: Under the Banking Law of Connecticut revisions taking effect Oct 1, 2025, lenders must now register as an exempt servicer even if they meet those conditions. Department guidance Who’s affected […]
By Jonas Hoerler, Chief Regulatory Counsel, RegCheck & Diane Jenkins, Partner, Sandler Law Group Internal defenses aren’t enough. Today’s fraudsters target your customers’ trust just as much as your So far calendar year 2025 has brought with it some of the most significant changes to residential mortgage compliance the industry has seen in many years. […]
The Texas Legislature enacted two laws to combat deed fraud and strengthen notary practices tied to real-property documents. SB 1734 — Fast-track relief from fraudulent filings SB 693 — Stronger notary standards and penalties Read the enrolled bills: SB 1734 and SB 693.
As communities across Texas recover from devastating flooding, the Federal Housing Administration (FHA) has issued updated guidance for servicers and originators working with borrowers in Presidentially-Declared Major Disaster Areas (PDMDA). Relief for Existing FHA Borrowers Lenders must implement a 90-day foreclosure moratorium beginning on the date of the disaster declaration. They are also encouraged to […]
The Uniform Residential Loan Application can be complicated for both the borrower and the lender, especially when it comes to staying up-to-date on the new changes to the application and what they mean. In this blog post, we’ll explore what the Uniform Residential Loan Application is, the recent updates to the application, and what these […]
On March 31, 2021, the CFPB announced that it will rescind seven separate policy statements issued last year, each meant to provide temporary flexibility to financial institutions, as they do business during the COVID-19 pandemic.
On March 3, 2021, the CFPB issued a notice of proposed rulemaking (NPRM) to delay the mandatory compliance date for the revised General Qualified Mortgage Rule from applications received on or after July 1, 2021 to applications received on or after October 1, 2022
