Fannie Mae & Freddie Mac Requirements – Flexibility & Alternatives For Employment & Income Verifications In the wake of COVID-19 Fannie Mae and Freddie Mac are working in conjunction to offer temporary measures to provide lenders with clarity and flexibility …
COVID-19 Related Scam Reporting – FinCEN Guidance The Financial Crimes Enforcement Network issued guidance on March 16th regarding the potential for malicious and fraudulent financial activity conducted in the midst of the COVID-19 crisis. After monitoring public and BSA reports …
COVID-19 Related Scam Reporting – FinCEN Guidance Julie J. Mixtacki
No pandemic would be complete without the rollout of a new scam targeting the most vulnerable members of our families and population – the elderly. Some states have reported in recent weeks that the elderly have been on the receiving …
Elder Financial Exploitation – Pandemic Scams Julie J. Mixtacki
Fannie Mae and Freddie Mac published an announcement and appendix on October 23, 2019 regarding updated components of the redesigned Uniform Residential Loan Application (URLA). Currently, deadlines for implementing the URLA and automated underwriting system (AUS) have been extended from …
Extended Deadline for New Uniform Residential Loan Application for MPF Customers Natalie Reifsneider
WHAT DOES CALIFORNIA LAW HAVE TO DO WITH THE EAST COAST? The California Consumer Privacy Act (CCPA) was signed into law on June 28, 2018 and becomes effective on January 1, 2020. This law has to do with creating new …
Evelyn I. Dehmey WHAT DOES CALIFORNIA LAW HAVE TO DO WITH THE EAST COAST?
Have you heard about the new registration requirements for Appraisal Management Companies? Effective August 10, 2019 all appraisal management companies (AMC) must register with the state or states in which they perform business and are subject to state supervision, if …
Appraisal Management Company Registration: Are You Aware? Evelyn I. Dehmey
Are your polices updated for the new thresholds for appraisals on Residential Real Estate loans? The Appraisal Rule was collectively amended by FDIC, Federal Reserve, and OCC. The threshold for requiring an appraisal on residential real estate transactions (secured by …
We get questions from time to time as to whether a bank can target the geographic area around a branch, such as during a branch opening, or do a prescreened mailing to a group of people with particular characteristics. Of …
EGRRCPA – Let’s Take Stock! The “Economic Growth, Regulatory Relief, and Consumer Protection Act” was signed into law on May 24, 2018. It had many moving parts, some effective upon passage and others where regulations were first needed. Let’s explore …
On January 2, 2019, Kathleen Kraninger of the CFPB entered her first Consent Order with USAA Federal Savings Bank, an $80 billion institution based in San Antonio, TX. USAA had Regulation E violations related to: Failing to properly stop preauthorized …
Evelyn I. Dehmey What Can We Learn from the USAA Regulation E Case?