MetaSource Mortgage Blog

MCA Monthly Compliance Update July 2014

Friday, July 25, 2014

Welcome to the MetaSource Mortgage 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.

Service Spotlights

If you're looking for information on how to stay compliant with changing regulations, then look no further. MetaSource Mortgage provides your one-stop resource for agency requirement updates, trending industry topics, and complimentary webinars from compliance experts.

Compliance Updates

  • July 23 – HUD provides guidance regarding the retention of foreclosure-related documents; record retention period extended to at least seven years after the life of FHA-insured mortgage.
  • July 15 – Freddie Mac updates and revises its servicing requirements, which will impact transfer of ownership and assumption, amendment of mortgage modification signature, and more.
  • July 9 – Fannie Mae provides notice regarding the upcoming modification interest rate adjustment and updates to its forms.
  • July 1 – Fannie Mae announces enhancements to the selling representations and warranties framework in announcement SEL-2014-05.

Industry Events

September 7-9, 2014
MBA Risk Management and Quality Assurance Forum
Miami, FL

September 28-30, 2014
MBA Regulatory Compliance Conference 2014
Washington, DC

October 19-22, 2014
MBA's Annual Convention & Expo 2014
Las Vegas, NV


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