MetaSource Mortgage Blog

MCA Monthly Compliance Update – June 2013

Tuesday, June 25, 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.

Service Spotlights

MCA offers reviews, audits, plans, and policies. For a complete list of products and services, click here. If you are a current client and would like additional services, you may contact your Account Executive. If you are interested in outsourcing your QC and compliance, please e-mail to get started today.

Compliance Updates

  • June 19 – Fannie Mae releases servicing notice which features miscellaneous clarifications and reminders.
  • June 17 – Department of Veterans Affairs describes measures for borrowers affected by Colorado Springs fire to help provide relief.
  • June 14 – Freddie Mac administers updates and revisions to selling requirements.
  • June 12 – HUD solicits comments on proposed revisions to the FHA Tier Ranking System (TRS).

Industry Events

August 14, 2013
CFPB Compliance – Is Your Borrower Communication Up To Standard?

July 9, 2013
MBA Compliance Essentials: RESPA I


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