MetaSource Mortgage Blog

MCA Monthly Compliance Update – February 2013

Thursday, February 28, 2013

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.

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Compliance Updates

  • Feb. 25 – Department of Veterans Affairs (VA) extends rescission date of basic circular relating to agreement of sale to be provided to Fee Appraiser.
  • Feb. 22 – Freddie Mac temporarily revises property insurance claim requirements for properties affected by Hurricane Sandy.
  • Feb. 13 – Fannie Mae announces updates to compensatory fees and allowable foreclosure timeframes.
  • Feb. 5 – HUD provides priority processing of multifamily mortgage applications for transactions in New York and New Jersey.


    March 6-9, 2013
    Mid-Winter Housing Finance Conference
    Avon, CO

    April 14-17, 2013
    National Technology in Mortgage Banking Conference & Expo
    Ft. Lauderdale, FL

    April 14-17, 2013
    National Fraud Issues Conference
    Ft. Lauderdale, FL


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