New approved lending areas create expanded opportunities for eligible Native American borrowers and participating lenders HUD Broadens Geographic Eligibility for Section 184 Lending HUD's Office of Native American Programs (ONAP) has expanded the approved lending areas for the Section 184 Indian Housing Loan Guarantee Program, adding new counties where eligible American Indian and Alaska Native […]
How Senate Bill 26-189 reshapes AI compliance expectations for lenders and financial institutions Colorado captured national attention in 2024 when it became the first state to enact a comprehensive artificial intelligence law governing the use of AI in consequential decisions, including lending, housing, employment, and insurance. The original legislation established an expansive compliance framework for […]
What the elimination of disparate impact liability could mean for lenders A Fundamental Shift in Fair Lending Interpretation The Consumer Financial Protection Bureau has finalized significant amendments to Regulation B under the Equal Credit Opportunity Act (ECOA), introducing a meaningful shift in how fair lending risk may be defined and enforced. Most notably, the rule eliminates disparate impact liability under ECOA, […]
The Nationwide Multistate Licensing System (NMLS) has introduced updated disclosure questions for individuals completing MU4 and MU2 forms, marking the first substantive revision since the system’s inception. These changes are intended to improve clarity and consistency in how disclosure information is reported. However, they also require a comprehensive review of existing filings to ensure alignment […]
Wyoming has become the third state—following Nevada and Utah—to adopt the Uniform Mortgage Modification Act (UMMA), a model law developed by the Uniform Law Commission to address a critical and often ambiguous issue in mortgage servicing: how loan modifications affect lien priority. For lenders, servicers, and investors, this development introduces greater legal clarity and reduces risk […]
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. […]
