MetaSource Mortgage Blog

MCA Monthly Compliance Update – November 2012

Wednesday, November 21, 2012

Welcome to the MCA Monthly Compliance Update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.

Industry Highlights

Mortgage Compliance Advisors (MCA) is transitioning all client interaction to engage through QLink, our QC reporting tool. Due to this new transition, MCA will now feature monthly QLink webinar demonstrations and tutorials for clients; please stay tuned for your webinar invitation. If you are an MCA client without QLink access, please visit our website and select QLink Access at the top of the page.

Compliance Updates

  • Nov. 16 – HUD provides guidance for FHA-approved mortgagees with loans in any Presidentially-Declared Major Disaster Areas. HUD.gov
  • Nov. 14 – Freddie Mac refines its temporary disaster relief requirements to better help borrowers affected by Hurricane Sandy. FreddieMac.com
  • Nov. 14 – Fannie Mae offers additional flexibilities for loans impacted by Hurricane Sandy. eFannieMae.com
  • Nov. 12 – Department of Veterans Affairs (VA) suggests relief efforts for VA borrowers. VA.gov

Events

December 7, 2012
MBA Servicing Workshop
Denver, CO

January 14-18, 2013
MISMO January 2012 Educational Summit & Workshop
Atlantic Beach, FL

Multifamily Housing Convention & Expo
February 3-6, 2013
San Diego, CA

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