Undisclosed Debt MonitoringTM

stock-photo-13744814-police-officer-directing-trafficChanges ahead - keep pace with evolving regulatory guidelines

With changes in GSE requirements such as Fannie Mae's LQI and increased scrutiny from investors and regulators, loan repurchase and compliance risks are at an all-time high. The problem of misrepresented liabilities is a growing concern, as noted in Fannie Mae's Fraud Findings Statistics that are reported annually. In fact, the Federal Housing Finance Agency (FHFA) has released a new framework for representation and warranties on loans sold after the first of January 2013 to "clarify lenders' repurchase exposure and liability and move the focus of quality control reviews from the time a loan defaults to the time the loan is delivered to the GSEs."

Both the secondary market and regulators are watching, and it's not just non-performing loans from big-name lenders that are under scrutiny. Government-sponsored entities have ramped up their review of performing loans from small and regional lenders as well.

The burden of staying up to date on a myriad of quickly evolving regulatory and government guidelines, requirements and initiatives can be tough, if not overwhelming. Click the links below for regulatory updates and guidance, market news, research and other announcements relevant to mortgage lenders, insurers and investors.

Regulatory insights and updates

Fannie Mae Clarifies Undisclosed Liabilities Policy Company Describes When Re-Underwriting is Necessary
Fannie Mae Announcement SEL-2010-11
Federal Housing Finance Agency (FHFA) Framework